The market was particularly interested in USDA's 2017/18 U.S. supply and demand estimates of today, which have to be considered at least somewhat price postive, especially for one crop.USDA formally released its 10-year baseline projections at its annual Outlook Forum today. The market was particularly interested in the 2017/18 U.S. supply and demand. These numbers have to be considered at least somewhat price positive, especially for wheat. Keep in mind that the acreage and yield estimates are USDA’s internal opinion regarding what farmers will plant this spring and how the weather might be for the wheat summer growing season. Acreage estimate based on farmer surveys will be released in the planting intentions report on 31 March. The only...
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.