General Comments The actual supply and demand tables for the 2012/13 marketing year were released early this morning at the USDA Outlook meeting and, as expected, they were bearish corn and wheat and supportive to the soybean market. USDA combined increased corn and wheat planted (and harvested) acres with big yield estimates, and the result was sharp projected increases in ending supplies. WPI covers the Outlook numbers extensively in a separate analysis in this report. The trade continued to buy soybeans and sell wheat and corn, especially new crop corn. The weekly export sales numbers (delayed a day) were strong for corn, wheat and soybeans. There were no additional sales announcements from USDA this morning, but the volume of sales a...
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.