Wheat Warm weather is allowing the Argentine wheat harvest to move more quickly now, registering a weekly progress of 13.6 percent last week. Presently, 53 percent of the total wheat area is harvested, running 8 percent behind last year’s pace. The harvest is already finished in the north and center of the agricultural area, which represents roughly 46 percent of this year’s wheat area. Yields in this area were 40-50 percent below the five-year average. Yields are improving, however, as the harvest moves further into the southern parts of the agricultural area. The average yield in this region is 4-4.4 MT/ha and is expected to continue increasing. The weather was good during all stages of crop development for this region, so y...
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.