You can plug any yield you like into these acreage estimates today and come up with bullish and bearish outcomes.Today's USDA quarterly stocks and planting intentions reports were bullish corn, neutral wheat and slightly bullish for old crop soybeans. The tables below show the actual report numbers compared to expectations and 1 March 2013 numbers:Corn-Today's corn numbers, both stocks and acreage, were bullish for corn. The 1 March stocks estimate came in about 100 million bushels below the average trade guess. The problem is that many analytical groups were looking for another quarterly stocks report that showed a significant jump from the previous report. Remember that the January quarterly stocks number was the first bullish surprise th...
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.