Market demand for soybeans has been rather slow this past week with everyone seemingly expecting basis to drop as farmers started selling throughout South America. Soybeans The soybean market has been surprised this week by decreasing estimates for Brazilian production. Some traders believe it could be as low as 85 MMT. While there will still be plenty of soybeans, Chinese demand is growing every season and bigger crops are needed. Meanwhile, Argentina's soybean production seems to be gradually increasing. It is estimated that Argentine production could increase to 54 MMT, higher than the prior estimate of 53.5 MMT.Brazilian soybean basis started increasing this week, and the higher CBOT prices sparked some good selling by Argentine farme...
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.