The 2013/14 U.S. soybean crop year was a notable one for the soybean industry, and the new 2014/15 U.S. soybean year promises to be memorable as well.Lest it be overlooked, today is 2 September, the second day of the new 2014/15 crop year for U.S. soybeans (and corn, too). We are not aware of any celebrations that took place on 31 August, soybean's New Year's Eve, to commemorate the passing of the old 2013/14 year and the beginning of the New Year. That is too bad because this transition deserved to be celebrated. 2013/14 was a memorable year for U.S. soybeans. Despite less than favorable August weather, U.S. production rebounded to an estimated 3.29 billion bushels, 250 million more than 2012/13's drought-plagued crop. The 2013/14 average...
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.