The drought that has substantially impacted the Dakotas and Montana this year has also been severe elsewhere. Now there is growing concern that output of a certain crop may be sharply reduced. Brazil Soy Output Projected to Decline in 2017/18 The Brazilian consulting firm Celeres predicts Brazil’s soybean production in the upcoming 2017/18 growing season will fall to 109.1 MMT from 113.8 MMT in 2016/17. It projects a slight increase in soybean plantings but expects yields to be lower than the excellent ones in 2016/17. Decline in Argentine Soy Plantings Predicted Germany’s Oil World predicts Argentina will plant 18.9 million hectares of soybeans in the 2017/18 crop year, a decline from the 19.2 million hectares planted for harvest...
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.