Despite Argentina's current corn prices ($150-155/MT) along with a record production (35-36 MMT) forecast and expectations that the exchange rate will not jump in the near future, farmers continue to hold their crop for several reasons. Weather Weather conditions are bringing some relief to farmers in the nucleus crop area as recent rains have ended, replaced by sunny days that are helping dry out soils. Crops in the south of Buenos Aires region, however, continue to suffer from very high temperatures and no rainfall. Although the wheat and barley are already finished there, precipitation is needed for soybeans and corn. Soybeans Flooded areas in Argentina are recovering after a week without rain. Around 400,000 of the 770,000 affected...
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.