Big Increase in Ukrainian Oilseed Production Forecasted The Ukrainian consulting firm UkrAgroConsult this week forecasted a big increase in that country's 2013 oilseed production. It predicts Ukrainian sunflower output will reach 9.86 MMT, up from 8.57 MMT in 2012. The firm also predicts Ukrainian rapeseed production will reach 2.01 MMT, up by 67.5 percent over a year ago. And it predicts Ukrainian soybean production will be 2.89 MMT, an increase of 20 percent over a year ago.The firm's forecasts are exceedingly optimistic, but they are possible with good weather. Farmers in the country have been increasing their plantings of soybeans and sunseed and are likely to do so again this year. Plantings and production of rapeseed have declined...
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.