Brazil Slightly Increases 2013 Soybean Crop Estimate The Brazilian commodity supply agency (Conab) today raised its forecast for the 2013 crop of soybeans by 200,000 MT to 81.5 MMT. If correct, that would be the largest soybean crop ever harvested by Brazil. It also would be the first time Brazilian soybean production exceeded that of the U.S.Conab also raised its forecast for the country's 2013 corn crop from 78.5 MMT to 79.1 MMT, which includes production in the winter season following the first-crop soybean and corn harvest. The agency will not release an estimate for Brazilian soybean and corn production in 2014 until October. U.S. Soybean Crop in Good Shape, Except Well Behind in Maturity Yesterday's USDA crop progress report show...
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.