Wheat Argentina Argentina’s wheat harvest is 54 percent complete after advancing 8.5 percent last week. Yields in the center and south of the agricultural area continue to surprise with values 0.3-2.03 MT above expectations. In the nucleus region, with harvest nearing the end yields are averaging 5.3 MT/ha, with minimum reported values of 4.5 MT/ha and maximum yields of 7.3 MT/ha. The South of Buenos Aires province is just starting to harvest with first yields slightly above expected. Given the above scenario, the grain exchanges again increased their crop estimates. The Buenos Aires Grain Exchange raised its forecast from 20.3 MMT to 21 while the Rosario Grain Exchange increased its projection from 20.4 MMT to 22.1 MMT...
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.