Today's USDA Export Sales Report indicated U.S. exporters once again had a big week selling soybeans with a total 1.326 MMT. That was down by 39 percent from the previous week's huge sales, but still sizable for any week of the year. Some Farmers in India's Madhya Pradesh Switching from Soybeans to Basmati Rice Reports out of India indicate a number of farmers in the Narmada River valley, located in the state of Madhya Pradesh, have begun shifting their land from growing soybeans to cultivating Basmati rice. Thus far, as many as 300,000 hectares have undergone this crop switch in order to boost incomes. Farmers in the region have not made money growing soybeans over the past few years. However, they have found that they can do so with Bas...
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.