Bloomberg reports that China plans to globalize its currency by allowing its citizens to invest abroad and permitting Chinese companies to sell yuan-denominated shares to foreigners. Argentina – Don't Plant For anyone thinking that relations between Argentina's farmers and the government couldn't get worse, WPI's John Baize points to comments yesterday by Cabinet Secretary Jorge Capitanich who declared the government plans to use all available means to force the export sale of soybeans in order to earn export tax revenue. Farmers hold their soybeans as an inflation hedge, but a new law allows the government to confiscate their production. However, farmers ideologically hate President Cristina Kirchner, and they could have the final say by...
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.