Corn Argentina The pace of corn harvesting improved last week and with a 3.8 percent weekly progress, the total harvested area reached 23.2 percent of the estimated area. Yields remain highly heterogeneous yields but average 6.59 MT/ha. The soybean harvest continues to attract farmers’ attention (16 percent weekly progress) and until they are finished with that crop, they will not move to full corn harvest. The Buenos Aires Grain Exchange maintained its crop estimate at 49 MMT, while the Rosario Grain Exchange raised it from 47.7 to 49.2 MMT, reporting an increase in planted area that was detected late. In both cases, the estimates are in line with what the market was predicting. As for the markets, the FAS closely fol...
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.