Two elements of our 20 March analysis of the 2015 U.S. wheat outlook, which pegged hard red winter wheat production at 810 million bushels and total wheat production at 2.011 billion bushels, have changed in ways that could possibly alter that projection significantly.Our 20 March analysis of the 2015 U.S. wheat outlook pegged hard red winter wheat production at 810 million bushels (22 MMT) and total U.S. wheat production at 2.011 billion bushels (54.73 MMT). These numbers compare to 2014's hard red winter wheat production of 738 million bushels (20 MMT) and total U.S. wheat crop of 2.026 billion bushels (55.13 MMT). Two elements of this analysis have changed in ways that could possibly alter the U.S. wheat production outlook significantly...
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.