The stop-and-go release of corn export licenses, uncertainty about their distribution and falling CBOT corn futures contracts are combining to cause erratic behavior in Argentine corn basis. Soybeans The recent sharp drop in CBOT soybean futures contracts caused Argentine soybean premiums to increase by more than $0.20/bushel this week. The result is that South American soybeans are now struggling to compete against the pricing of U.S. origin. Spot origination in Argentina is near 55 SX and storage is around $0.05/ month. U.S. basis also seems likely to rebound if margins are to remain profitable enough to ship soybeans from the Pacific Northwest (PNW).Recent low soybean prices are creating financial difficulties for Uruguayan farmers, an...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.