Wheat Soil moisture is becoming a problem for Argentina’s wheat crop. Crop conditions keep falling due to drought across the wheat-growing region and frosts in southern Buenos Aires province. Each week seems to bring with it fresh declines in the crop and soil moisture conditions ratings. This week, the crop declined again with the good/excellent rating at 32 percent, down 5 percent from last week and down 14 percent from two weeks ago. The soil moisture conditions rated as poor/dry increased from 43 percent last week to 52 percent. August rains were well below average but precipitation forecasts for the first half of September suggest good rain for the core agricultural region plus Buenos Aires province. Northern parts of Arg...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.