Wheat Argentina’s wheat harvest continues at high speed with 12 percent harvested this week. The total has now reached 45 percent of the planted area. Surprises are coming from the nucleus regions with yields above estimates, bringing an additional 430,000 MT to the area. Per Rosario Stock Exchange, the estimated volume for the nucleus region increased from 7.1 to 7.53 MMT - an all-time high. The primary reason for the yield increase is higher fertilizer application this year. So far, official crop estimates are still between 20.3-20.4 MMT, but WPI suspects the final crop will be bigger, likely near 21.2 MMT. The south of the Buenos Aires province hasn’t started harvesting yet, but the crop looks fine and average yields...
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.