General Comments The U.S. government and the banking system were closed today for the Veteran's Day holiday. There were no USDA reports. The weekly export inspections, crop progress, and any export sales announcements routinely released on Monday will be released tomorrow.The soy complex was very soft again in the Sunday evening session following last Friday's bearishly construed USDA production and supply and demand numbers. Corn and wheat futures were stable much of the evening, but eventually collapsed today under the weight of sharply lower soybean futures. Today the agricultural commodities were collapsing on their own. Financial markets were generally stable, as was crude oil and the dollar index. The markets got in technical troub...
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.