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feed-grains soy-oilseeds wheat

Market Commentary: Vegoils Rally, Pull Soybeans Higher; Brazil Sees Driest April in 17 Years; Corn Firms on Export Rumors

U.S. farmers are being patient marketing old crop corn and soybean stocks amid ongoing weather concerns in the U.S. Cash soy crush margins are near record highs at $3/bushel, which is keeping basis firm and increasing competition between exporters and crushers.  Brazilian weather trends are increasingly bullish, and the key corn-producing state of Mato Grosso is amid the driest April in 17 years. The rainy season ended early this year and precipitation has been scant since. Mato Grosso accounts for some 32 percent of total corn production, so the drought, which is intensifying as the crop pollinates, could have an outsized impact on the country’s production. 

Outside markets were mostly higher at mid-week with U.S. equit...

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livestock

Livestock Round Up: Cattle Margins and Distribution

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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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