Corn Dry weather is helping reduce moisture in the corn crop and the harvest pace is slowly increasing. Last week, the Buenos Aires Grain Exchange reported weekly progress of 4.2 percent (up from 3 percent in recent weeks), bringing the total harvest to 42.5 percent completed. Farmers are already harvesting the late-planted crop, starting in the north and center of the country. Yields are still good, and the crop will still make 48 MMT. There are growing concerns in the corn market as it seems there is an unwritten agreement between the government and exporters to control local prices. It seems that the export sales registry has been effectively closed since the beginning of June as registrations were zero. Exporters bought 28.9 MM...
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.