Corn Argentina’s corn harvest is finally finished and, according to the Buenos Aires Grain Exchange, total production reached 52 MMT, down 3 MMT from last year’s crop. The corn market’s dynamics remain similar to those of the last few weeks. The FAS market is very active, even more active than the FOB market, as farmer selling has been strong. This means that exporters continue to increase their long position, but ports are now full of corn. Additionally, Argentina’s market is starting to see a lot more forward business and less interest in trading spot positions. The arrival of trucks to ports has slowed significantly due to the lack of port space. This is putting farmers in a bad mood as they are unable to...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.