There have been a number of economic developments in countries across the globe that along with other factors are impacting the value of the U.S. dollar.There have been a number of economic developments in countries across the globe. One example is Australia, which has recently seen a number of bearish economic statistics. The unemployment rate is 6.2 percent, the highest since January 2002, and prices for iron ore, the country's top export commodity, are down. China's economic uncertainty is also having an impact on Australian mining and building material exports, while domestic building permits were down 11 percent this spring. Meanwhile, home loan generation declined last month (-0.7 percent). The Reserve Bank of Australia has stated on...
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.