U.S. President-elect Donald Trump managed to upset both Europe and the U.S. dollar over the past 24 hours. He said the U.S. dollar was too strong and questioned the future of the EU as well as the utility of NATO. Literal Trump U.S. President-elect Donald Trump managed to upset both Europe and the U.S. dollar over the past 24 hours. He said the U.S. dollar was too strong and questioned the future of the EU as well as the utility of NATO. The U.S. Dollar Index dropped 1.3 percent for the day, although it is still 9.1 percent above the 52-week low and only off 3.4 percent from the 52-week high. Currencies should trade based on fundamentals. For example, a survey of economists by the University of Chicago indicates that equity values have ri...
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.