A week ago the market couldn't buy enough corn and wheat because the corn crop wasn't going to get planted. Today some analysts were saying the year's price highs are in because the forecast looks warmer and drier. This is another demonstration of the instant gratification syndrome that is affecting every market, including the financial markets. The Dow was down 138 points last Thursday and set a new all-time high on Friday.It has been all about weather the past few weeks, and weather across most of the U.S. has been cold and wet. The early spring turned into a late spring. Corn planting progress through yesterday was the slowest ever. Farmers in the Northern Plains have barely turned a wheel. The weather forecasts yesterday and today do...
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.