Yesterday's USDA supply and demand estimates should be considered at least somewhat bullish. U.S. ending supply estimates for corn, wheat and soybeans suggest farmers will again be scraping bin bottoms next summer before the 2013 crops are harvested. The world faces similar tightness with feed grain supplies stocks-to-use ratio at perhaps the lowest level ever. The chart below shows the world corn stocks to use ratio going back to the early 1980s.The markets reacted to yesterday's reports with sharply higher prices early, but they could not hold that buying enthusiasm into the close. Markets overnight and this morning were very weak. The fact that these markets have been unable to sustain any rallies for the past month has a lot of bulls...
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.