The U.S. has long been the world's largest soybean-producing country, but South America now appears to have supplanted it.as the global residual supplier. South American Soybean Crop Keeps Getting Larger USDA raised its forecast for the 2015 Argentine soybean crop on Tuesday from 57 MMT to 58.5 MMT. Now it seems that this is even too low as the Rosario Grains Exchange raised its forecast yesterday from 59 MMT to 59.6 MMT. It said that the higher estimate was based on farmers in the country's central growing area seeing yields at around 4 MT/hectare (59.5 bushels/acre). Because of this, the exchange is now forecasting the national average soybean yield at 3 MT/hectare (44.6 bushels/acre). Also, the Buenos Aires Grain Exchange predicted tod...
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.