U.S. spring planted crops have enjoyed excellent conditions to date, and they do not seem to be facing any major problems – at least so far. However, the same cannot be said for the wheat harvest in France, Germany, Poland and other EU member countries.USDA's August WASDE will be released a week from today. The forecasts for U.S. corn and soybean yields and production will be based on USDA's first on-the-ground crop surveys of the growing season. Heretofore, it had been using trend yields to calculate projected production. Every year, the first yield and production estimates based on actual surveys always command great attention if for no other reason than that they are the first. In several recent years with potential crop production probl...
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.