The soybean and soymeal markets have been on a rather spectacular roll over the last 30 days as the rains never came to Argentina. That has recent estimates of Argentine soybean production tumbling from USDA’s February projection of 54 MMT to the latest number from the Buenos Aires Grain Exchange of 44 MMT. There are also a few private estimates as low as 40 MMT. While it always seems to be in the forecast, there hasn’t been any rain across much of Argentina in three to four months. It is now 2 March with still little or no rainfall in the outlook, and the yield game is about over. Brazil’s soybean crop, on the other hand, wants to get bigger. ABIOVE raised its estimate to 114.7 MMT yesterday, and the USDA February estima...
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.