Today's USDA corn numbers clearly caught the market by surprise with a decrease in production and a 1 December quarterly stocks number of more than 300 million bushels below the average trade guess. General Comments This was USDA reports day. Covered in a separate analysis, they were surprisingly bullish on corn, neutral on soybeans and bearish on wheat. That created very wide trading ranges in very large volume and generated big time buying in corn and soybeans as well as heavy selling in wheat.USDA also announced export sales this morning. Included were 216,000 MT of 2014/15 soybeans to China, 180,000 MT of old crop corn to unknown and 125,700 MT of wheat to Venezuela.U.S. equity markets were slightly lower today, while crude oil was hi...
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.