General Comments Futures markets were quietly mixed overnight ahead of this morning's USDA WASDE update. U.S. and Asian financial markets continued to gain ground with another all-time high set in the DOW today and a four-and-a-half year high in Japan. The dollar was very strong on more euro weakness.The USDA report was released at 11 a.m. CT and was viewed as bearish for soybeans and wheat and bullish for corn. Soybean ending supplies were left unchanged, as was Brazil's production estimate. Soybean prices quickly collapsed and traded down more than 20 cents at one point. Wheat followed soybeans, but corn rallied on a 100 million-bushel increase in the feed/residual use. Those losses in wheat and soybeans were not sustained and both ral...
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.