Weather was in the market news last week as it always is, but there was also another round of discussion regarding El Nino/La Nina and the weather patterns' potential impact on 2016 U.S. crop production.Weather was in the market news last week as it always is, but there was also another round of discussion regarding El Nino/La Nina and the weather patterns' potential impact on 2016 U.S. crop production. This particular piece of weather news came from a very large producer meeting in Chicago. Bill Kirk of Weather Trends 360 told the crowd that corn prices could hit $6.00 or $7.00 this summer because of the El Nino/La Nina impact. His prediction was a wet spring followed by a dry summer across much of the country, including the entire Corn Be...
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.