General Comments Markets started steady to slightly better yesterday afternoon and the momentum higher continued to build throughout today's session. The buying picked up noticeably when the open outcry session started trading at 9:30 a.m. Yesterday's trading volume was very small. Today's trading volume was big and funds were moderate buyers. We cannot find a single piece of suddenly bullish news to pin today's rally on other than the fund selling that dried up yesterday and at least some fund buying that surfaced today. Following the beating these markets have taken recently, it is interesting that there were never any concerted selling attempts today.Outside markets were not much of a factor either. Crude oil hovered close to unchange...
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...
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.