General Comments Yesterday's price rally carried into the overnight session and then into the day session this morning. There may have been some first-of-the-month money finding its way into grains and the soy complex, and there was some residual fund buying. However, trading seemed less aggressive than it did yesterday, and trading volume was lighter. Farmer selling remained very sparse.The day session opened with stronger prices across the board led by soybeans. They were up 20 cents at the overnight highs as ongoing export demand, red hot cash markets and questions over South American crop prospects provided a lot for the market to chew on. However, after momentum from the first burst of buying slowed during the day session and new bu...
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.