General Comments The extended weather forecasts look warmer and drier, which was all the market needed to know to make the assumption that the spring weather rally is finished. Weather this week will still be wet across nearly half of the Corn Belt, but next week does look dry. That had buyers on the wet forecasts last week exiting long positions last night and today.We also have the USDA's WASDE this Friday, 10 May. This report will include the first supply and demand estimates for the 2013/14 marketing year, and nearly every analyst believes the numbers will be bearish.Outside markets were not much of a factor today. The dollar was slightly firmer and crude oil was higher. U.S. financial markets were slightly higher most of the sessi...
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.