General Comments Stats Canada's updated estimates on planted area as of 10 June were released today. They are as follows stated in millions of acres:Stats Canada's updated acreage estimates provided no surprises. Canola acreage increased 600,000 acres from the March estimate while wheat acreage declined more than 500,000 acres which is pretty much what was expected. Other changes were relatively small. All wheat acreage increased by almost 2.4 million acres over 2012, but canola planting fell about 1.8 million acres below 2012 levels. With the acreage report largely expected, it seemed to have only limited market impact. New crop ICE canola futures traded lower in Winnipeg, but this was attributed as much to forecasts for beneficial crop...
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.