The Crop Revenue Coverage (CRC) program has provided U.S. farmers the same thing as an enormously good put option on up to 85 percent of their proven yields over the past several years. Unfortunately, that will not be the case to start the 2014 season.The Crop Revenue Coverage (CRC) initial and minimum price guarantees for spring planted crops in the U.S. are calculated during the month of February. The winter wheat guarantees were calculated from 15 August-15 September 2013. The table below shows the past three-year history of these initial price guarantee levels for the major crops. The 2014 column indicates what the price levels for this year might be if prices hold relatively steady through the month of February. These are based on...
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.