China's so-called Number 1 Document has been released, which is focused on agriculture and rural policy. While reaffirming some key policies already in place, it also indicates that crop production and support programs will be considered under three tiers.Last week the USDA post in Beijing released an unofficial translation (in collaboration with the Canadian Embassy) of the so-called Number 1 Document, which is the first policy document of the year from the Central Committee of the Communist Party of China (CCCPC) and the State Council. The paper, which is focused on agriculture and rural policy, reaffirms some key policies already in place. This includes China’s commitment to self-sufficiency in rice and wheat, continuing support for corn...
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.