An important point to consider is that the future of Argentine wheat production will be influenced by the ability of soybean and corn exports to put some revenue back into the agricultural sector.Strikes during the past 28 days have inflicted some serious financial pain, but it now appears that Argentine grains can once again start to flow through export channels. The Rosario Grain Exchange published a report that estimates the total cost to farmers, exporters and truckers is approximately $185 million. Stated differently, the strikes reduced the normal inflow of foreign exchange by about 32 percent.Argentine ports will start receiving trucks on Monday. Corn is urgently needed at the ports and soybeans at the crushing facilities. Market par...
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.