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feed-grains soy-oilseeds wheat

Market Commentary

General Comments This morning USDA reported an export sale of 120,000 MT of old crop soybeans to unknown destinations (probably China) and a sale of 120,000 MT of new crop 2013/14 soybeans specifically to China. The old crop sale may be related to the rumored business done earlier this week. The old crop supply situation for U.S. soybeans is such that every new export sale puts outsized pressure on whatever limited supply of soybeans that remains.Buying interest in nearby U.S. soybeans at a time when the Brazilian harvest should be ramping up can be blamed on the logistical nightmare and transport problems that are choking Brazilian soybean exports. Newly imposed government rules have the effect of reducing trucking capacity in the face...

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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.

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