Some producers are just starting to look at the price calculations and are stunned by the revenue coverage for 2015 crops versus the previous several years.Today is the last day of the initial (and minimum) price calculation period for the crop revenue insurance program covering spring planted crops. We wrote an analysis of how the 2015 program prices might compare to the previous four years on 2 February. The 2015 column in the table below shows the year's calculations. Included are all but today's futures closes, which will not make much of a difference.The price changes between the first table we showed at the beginning of this month (2 February analysis) and today's have been small and are a reflection of just how little difference ther...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.