General Comments If you only looked at how corn, wheat and soybean markets were trading today, you would assume that temperatures had warmed to above normal, the outlook was dry and crops were being planted at a rapid pace. None of that has happened. What has happened is that extended weather forecasts do look like spring might finally arrive to North America late this week and next week. Temperatures will push closer to normal levels, but will still be 10-15 degrees Fahrenheit below normal across the Northern Plains. The extended forecast is also somewhat drier, but that will follow another major storm system that will move across the Corn Belt this week. Funds have decided the pattern will change enough to lessen the concerns about l...
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.