According to the Organic Trade Association, the demand for food certified organic has been increasing at nearly 6 percent per year. This is despite pricing that is usually above non-organic prices by 30 percent or more. Production of organic feed corn had been increasing as farmers sought better returns than $3.50/bushel non-organic corn. Looking at certified organic and non-organic feed corn prices in central Illinois, non-organic has been priced at an average 132 percent premium to non-organic corn. While the markets for organic and non-organic feed corn appear correlated (see graph below), there are significant differences. The bidding for organic corn has been less frequent, and so the price series are more robust for non-organic corn...
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.