Grain and soy markets are easing their way toward next Wednesday's September WASDE from USDA, and all eyes will be on the USDA NASS updated yield and production estimates. Normally NASS does not change its harvested acreage numbers in the September WASDE. But with this year's corn harvest progressing at a record pace, NASS may develop a better handle on abandonment than is usually possible at this time.We are already seeing the usual array of pre-report private production estimates. One of the regulars is INTL FCStone, a prominent brokerage house with a large number of small commercial clients. Based on a survey of country elevators, it projects corn production at 10.607 billion bushels based on a yield of 121.4 bushels per acre. That is...
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.