At the rate canola plantings are expanding in Canada, there may not be many years before the country's canola area surpasses its total wheat area. USDA Forecasts 4 Percent Increase in 2014 U.S. Soybean Plantings USDA's first estimate for 2014 U.S. soybean plantings is 79.5 million acres, which is almost a 4 percent increase over last year's 76.533 million acres. Assuming the same national average yield (45.2 bushels/acre) USDA used in its long-range projections and a harvested area of 78.5 million acres, the resulting 2014 crop would be 3.548 billion bushels (96.58 MMT). Because of this large crop forecast, USDA is estimating the average U.S. soybean price in 2014/15 at $9.65/bushel ($354.54/MT). That would be a 24 percent decline from th...
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.