The corn situation in Argentina is generating big losses throughout the entire chain. It started with farmers not harvesting and thus not delivering to ports, leaving many vessels waiting to load and subject to large demurrage costs as a result. There are also large problems in the local market. Soybeans High volatility has returned to the Brazilian soybean market. The board has been trading in a range of at least 20 cents or more each day, much like the rally after the WASDE report was released. Farmers reacted to this rally by selling around 1.2-1.5 MMT in a day. This volume was split between old crop (2015/16) and new crop (2016/17). The most recent Safras & Mercado report indicated that farmer selling reached 67 percent this week,...
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...
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.