Wheat: Net sales of 521,900 metric tons for 2019/2020 were up 59 percent from the previous week and 38 percent from the prior 4-week average. Corn: Net sales of 284,500 MT for 2019/2020, primarily for Colombia (109,300 MT, including 29,500 MT switched from unknown destinations), Japan (75,600 MT, including decreases of 3,200 MT), Mexico (37,600 MT, including decreases of 3,000 MT), unknown destinations (20,900 MT), and Costa Rica (12,300 MT, including 31,900 MT switched from unknown destinations and decreases of 22,600 MT), were partially offset by reductions for China (700 MT), Panama (200 MT), and Jamaica (200 MT). Exports of 474,400 MT were primarily to Mexico (214,900 MT), China (59,300 MT), Colombia (42,300 MT)...
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.