The House last week passed a continuing resolution (CR) to fund the federal government through 2013. And as we predicted on 10 September, the CR did not contain an extension of the farm bill. After the Jewish holiday Rosh Hashanah this week, the Senate is expected to pass the CR as soon as Thursday. Both chambers are expected to adjourn for the election for the entire month of October; the House already has cancelled its session for the first week of October and the Senate is likely to follow suit.Attention, therefore, is turning to an extension of the farm bill, which technically expires on 30 September. The House Republican leadership is pushing for a three-month extension, which pushes the expiration back to 30 December 2012, meaning tha...
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.