Fifty years ago, the world wheat market used to be rather simple to follow. The U.S. accounted for more that 50 percent of world wheat exports, and the rest was split between Canada, Australia and Argentina. Moreover, governments controlled a great majority of wheat exports. Government agencies such as the Canadian Wheat Board (CWB), the Australian Wheat Board (AWB) and the Argentine Junta sold to world buyers directly or through agents. U.S. wheat exports were subsidized by the U.S. government, and other government aid and credit programs generated a majority of U.S. wheat exports.Today's world wheat trade is much more diverse and dispersed. "Non-traditional" origins, such as the EU, Russia, Ukraine, Turkey and Kazakhstan, among others,...
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.