Following yesterday's WASDE release, optimistic viewpoints allowed grain and soy markets to make a modest recovery today. Soybean and corn prices were up, and even wheat managed to post mostly green numbers. General Comments Traders and analysts have now had a day to parse and digest the changes made by USDA to its 2014/15 supply/demand estimates and its projections of U.S. and world supply/demand for 2015/16. If there is a "day after" consensus, it is probably a view that things are not quite as bleak for grain and soy prices as they seemed to be in the immediate wake of the report's release. USDA raised its 2014/15 U.S. corn carryout slightly, but it actually projects a 105 million bushel reduction in 2015/16.While USDA's projection of...
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.