General Comments Overnight trading in grain and soy futures was quiet and without much direction. Dalian soybean futures posted losses following yesterday's U.S. market slide, which followed the cancellation of soybean sales to China and unknown destinations probably related to China. Early day session trading was mixed with wheat futures supported by GASC's purchase of 180,000 MT of SRW for mid-February shipment. Separately, USDA also announced a sale of 110,000 MT of HRW to Egypt.However, March corn soon dropped below the November low of $7.10 on the continuous chart, and this triggered an onslaught of technical selling that had the corn market challenging support in the $7.00-7.05 range. Soybeans opened about unchanged, but more selli...
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.