Back on 5 January 2012 we found our crystal ball that we had misplaced tucked in the back of a closet. We dusted it off, and looked to see what it had to say about the future during the year of 2012. As we are nearing the end of the year, it is appropriate that we look to see how accurate those predictions turned out to be. Herewith is a summary of early predictions for 2012 measured by what actually happened and how we grade them.
We forecast that the South American drought, then in its early stages, would continue through at least February and that soybean and corn production in Brazil and Argentina would be hurt. This would cause an increase in demand from the U.S. We said that "futures prices will rally, but will not come close to...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
