General Comments Grain and soy futures were generally weaker in overnight trading. When March soybeans could not hold above their four-week high, technical selling ensued, and in the absence of fresh news or inputs, it dragged down everything else, too. The day session looked at a good export sales report from last week, including the highest weekly soybean sales volume so far this crop year, but it failed to excite traders, who more or less decided to ignore it. Instead, they preferred to cash in short-term profits from the recent rally, and this type of selling took everything lower across the board except for soyoil.Almost a week has gone by since the USDA reports. That is a long time on the market's clock, and those reports have beco...
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.