These acreage estimates for corn and soybeans have also taken on more importance because we are starting to see some doubt expressed over the latest USDA yield estimates for both crops due to the impact of the late planting and heavy rains.In addition to its quarterly stocks report, USDA will release its updated June acreage estimates tomorrow. These numbers will also be very closely scrutinized, especially the soybean acreage estimate. The reason is the problem that the wettest month of May on record across the Corn Belt created by delaying the end of corn and soybean planting. June has also been extremely wet across the eastern two-thirds of the Corn Belt. The states most impacted by the rains and slow planting progress are Illinois, Miss...
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.