General Comments Markets started the week with steep losses in corn. That was expected after the limit-down close last Thursday on the heels of the spectacularly bearish USDA corn stocks number. The corn stocks number was a whopping (and inexplicable) 400 million bushels (almost 11 MMT) above the average trade guess and spelled disaster to corn bulls. It also probably means the bull corn market of 2012/13 is officially dead. Wheat and soybean futures did not suffer as much pain today as corn, but they were all lower as well.Europe was on holiday today so there might still be more residual selling or liquidation when they come back to work Tuesday. China's markets are closed Thursday and Friday.Outside markets were mixed today. Crude oi...
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.