The market chatter for much of this week concerned the many guesses coming out of Argentina on lost acres and possible final production. Meanwhile, two factors make it difficult to assess the accuracy of Brazilian crop forecasts. It’s Over Inauguration Day has come and gone, and Donald Trump is president of the United States. While traveling in Australia this week, it has been very noticeable that anyone who recognizes our group as Americans simply had to ask about our new president. Undoubtedly, the entire world is asking the same question. Of course, nearly all gave their personal opinions first. It was also interesting to observe a hint of cautious expectation in the questions about President Trump. There is a small fear lurking in the...
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.