General Comments Markets were soft overnight and this morning with soybeans showing the greatest weakness. Corn, soybean and wheat futures did not close well yesterday, and that brought some additional follow-through selling. There is also a better chance for rain across central and northern Brazil and some dry days across Argentina and southern Brazil. Weekly export sales this morning were better than expected for soybeans, meal, oil and wheat, and about as expected for corn.This morning's U.S. jobs data was neutral. Unemployment rose from 7.8 percent to 7.9 percent and only 171,000 jobs were created in October. This is the last weekend before the U.S. presidential election, and that might keep the trade relatively quiet until next Wedn...
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.