Corn Argentina’s corn markets are largely following the past few week’s trend. Farmers seem to be increasingly comfortable selling corn rather than soybeans, which is resulting in strong corn volumes each week. Last week started with slow origination and small volumes through Wednesday as exporters tried to push prices lower. They failed as farmers only sold small volumes. Once exporters increased bids, larger volumes started appearing again. At the end, over 600,000 MT of corn was originated for the first week of March 2021. FAS prices were slightly below those of the prior week, which helped ease replacement values. Corn is worth about 48K for spot position and 55K for April and May delivery in the FAS mar...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.