General Comments It was another quiet session in the markets overnight. Soybeans were steady to slightly higher while corn and wheat were steady to slightly lower. Corn was still suffering the hangover from another week of very light export sales. Wheat seemed caught between the strength in oilseeds and the weakness in corn. Soybean demand is incredible and January futures were pushing up against the $15 level. It is, of course, Friday and trading volume was light heading in to the weekend.There is the USDA December WASDE next week, but as Bob Kohlmeyer wrote, the December report will not change any U.S. production numbers. World production can change and demand forecasts can change, but this report is typically not a market changer.The...
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.