China's tight wheat supply has resulted in a high domestic price that could lead millers and trading companies to start importing supplies as early as next month. China's Wheat Price Projected to Remain High until Early 2014 China' wheat price remained strong with a slight increase in some parts of the country during the week of 2 December. The average price reached $424.84/MT, which is almost $33/MT higher than the current corn price. As a response to the high wheat price, the Chinese government offered nearly 650,000 MT of its reserves last week in Henan Province, which is the country's top wheat-growing region and 94 percent of the reserves offered were sold. The domestic wheat crop suffered severely from bad weather in the major growi...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.