The outlook for U.S. wheat has been plagued by negatives of one sort or another for several years. One of the negatives has been falling and/or stagnant production. This has been due to incursions into traditional wheat land by more profitable soybeans and corn coupled with some outbreaks of adverse weather. U.S. wheat production has not reached 2.5 billion bushels since 2008/09. In fact, production since that year has not even reached 2.3 billion bushels.The volumes of annual U.S. wheat exports have been equally uninspiring. U.S. exports spiked to about 1.3 billion bushels in 2010/11 when drought reduced Russia's wheat crop and caused its government to embargo wheat exports. This forced buyers to seek replacement supplies fro...
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.