Senators Chuck Grassley (R-IA), Maria Cantwell (D-WA) and 12 others yesterday introduced legislation that would extend the current $1/gallon biodiesel tax credit for three years and change the recipients from blenders to producers. China to Auction Reserve Soybeans Tomorrow Tomorrow the Chinese government will auction 300,400 MT of domestic soybeans from its temporary reserve, which analysts believe totals 5 MMT. These are supposedly non-GM varieties from the 2010 and 2012 crops. The China National Grain & Oils Information Center (CNGOIC) expects this auction and those in the future will put an additional 1.5 MMT into the market to help offset a shortage of soybeans needed for the food supply. Most likely, the better quality stocks wi...
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.