Wheat: Net sales of 381,800 metric tons for 2019/2020 were up 10 percent from the previous week, but down 23 percent from the prior 4-week average. Corn: Net sales of 864,600 MT for 2019/2020 were down 31 percent from the previous week and 26 percent from the prior 4-week average. Soybeans: Net sales of 339,300 MT for 2019/2020 were down 31 percent from the previous week and 38 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 157,500 MT for 2019/2020 were down 7 percent from the previous week and 40 percent from the prior 4-week average. Soybean Oil: Net sales of 5,600 MT for 2019/2020 primarily for Guatemala (3,200 MT), Morocco (3,000 MT switched fro...
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.