Grain and soy futures prices fell yesterday after USDA’s bearish production and supply/demand estimates. Several new contract lows were set. General Comments Today is Veterans Day in the U.S., when the country celebrates those who have served in the U.S. military past and present. It used to be known as Armistice Day to commemorate the end of the First World War 97 years ago today. About 60 years ago it was changed to Veterans Day. All federal government offices are closed. The EIA’s weekly ethanol and energy report is delayed until Thursday, and the weekly export sales report will be released Friday. We would like to add our thanks to those who have served in the U.S. Army, Navy, Marines and Coast Guard helping to maintain the freedom th...
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.