Draft Survey Some analysis has appeared regarding a new dispute between the Argentine government and exporters about a draft survey. The Customs Office is applying a draft survey in order to compare scale results as well as measure the normal immersion of a vessel. For example, a Panamax that sinks one inch represents 70 MT loaded. This activity requires six different measurements (bow, center and stern). To complete a draft survey requires at least two hours per export permit. In some cases there are multiple FOB sellers, implying multiple export permits per vessel. There's no need to mention how this measure would impact loading time and logistical efficiency. It is important to mention that the draft survey also depends on weather con...
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.