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...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
