General Comments Markets were mixed overnight in relatively light volume. Trading volume in the last hour today was pathetically small. Yesterday's late reversal in price direction did bring a few buyers back to the market last night. Soybeans are in the preliminary stages of a possible weather market. It has been a long warm and dry period in Argentina and southern Brazil, and the various weather models are in disagreement over the longer-term outlook. Today's USDA Export Sales report numbers show smaller-than-expected old crop soybean sales of 383,000 MT but good new crop sales at 595,000 MT. Wheat export sales were good at 572,000 MT, while corn still struggles at just 138,000 MT.There was little other news today. Financial markets we...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
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.