USDA released its preliminary 10-year baseline projections last Friday without much narrative. Like the weekly crop condition reports during the growing season, these estimates have taken on a life of their own.USDA released its preliminary 10-year baseline projections last Friday without much narrative. The complete report will be released in February. Like the weekly crop condition reports during the growing season, these estimates have taken on a life of their own. Analysts and traders use those numbers to make short-term market assumptions or, perhaps better said, as short-term reasons to be either bearish or bullish. They were never really designed for that purpose and are simply projections based on a set of assumptions that include f...
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.