USDA released their July WASDE and Production reports at noon today and they offered no decisive advantage to either long or short traders. Slight adjustments were made to U.S. numbers in the WASDE to reflect the data that was released in the 28 June Acreage and Stocks reports. More specific details of these reports can be seen in the proceeding analytic section. It is sufficient to note in this commentary that today's reports will have little influence on near-term price action. Price behavior from now until the first week of August will be most heavily influenced by news relating to weather, crop conditions and export announcements. The confidence of traders who currently hold short positions in corn could weaken if the December contrac...
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.