The lack of U.S. dollars is a serious issue for the Argentine government. As a result, it has released 500,000 MT of old crop corn and 400,000 MT of old crop wheat with a directive that exports be active in bringing capital into the country by mid-January. Rains in South America Soybean contracts have rebounded by more than $1.00 during the past month, and a major reason for this can be attributed to apprehension about the prospect of dryness developing in South America. However, that concern was reduced this past week as favorable rains fell throughout the majority of South American growing regions. The precipitation has also recharged soil moisture in the Brazilian region of Matto Grosso where it had been too dry to plant. Rains were ac...
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.