Although most expect that the current disparity in Argentina's export taxes will be enough to cause farmers there to continue decreasing their soybean plantings in favor of more corn, Canadian farmers apparently have other intentions. Canadian Farmers Plan Big Boost in Soybean Plantings Statistics Canada issued the results its prospective plantings survey of farmers last Friday, which indicated they intend to plant more canola, soybeans, corn, flaxseeds and oats this year while reducing total plantings of durum wheat, sunflowers, barley and pulses. The survey found the largest increase in plantings is forecast for soybeans, rising from 5.467 million acres last year to 6.956 million hectares this year. That would be a record and an increas...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.