The trade was looking for a slight increase in the corn export forecast and that's what it got, while there might have been some disappointment that the corn production forecasts for Brazil and Argentina were not reduced.The March USDA WASDE typically doesn't change much, and that's exactly what happened today. The table below shows today's numbers compared to the February report and the average trade guess:Corn: The trade was looking for a slight increase in the corn export forecast and that's what it got. USDA elevated corn exports by 25 million bushels and made absolutely no other changes to the U.S. corn numbers. There might have been some disappointment that the corn production forecasts for Brazil and Argentina were not reduced in tod...
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.