USDA will release its annual end-of-September batch of reports on Friday, 28 September. Included will be U.S. quarterly stocks as of 1 September, final production estimates for U.S. spring wheat, durum, barley and oats, and also the agency’s first estimate of winter wheat planted acreage for the 2019/20 crop cycle. The 1 September stocks of corn, soybeans and grain sorghums effectively become the ending stocks for the 2017/18 crop year. Meanwhile, those of wheat, barley and oats come at the end of the first quarter of their respective crop years that began on 1 June. They are used to measure the volumes of each that “disappeared” during the first quarter of 2018/19, which gives analysts the opportunity to compare this with...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.