Argentina's old crop wheat is already sold, and there has been no movement in the past few months. In terms of the new crop, Brazilian millers are saying that a couple of rounds have been purchased, estimating around 200,000-300,000 MT were traded to Brazil at $195-205/MT. Crops Big rains again fell over almost the entire agricultural region in Argentina. As mentioned last week, this El Niño is not as strong as expected. However, there has been significant rainfall every week.After conducting a small crop tour this week through some of the nucleus areas north of Buenos Aires, it is clear that crops are in very good condition and growing notably on a daily basis. Corn crops planted approximately 45 days ago are already 27-31 inches (70-80...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.