General Comments Markets seemed to pause overnight and even tried a modest rally in an effort to assess what may be in store for grains and the complex as well as what values are deserved right now following the recent price decline. CME December corn has dropped about 50 cents and November soybeans are down about 97 cents since 10-11 July. These decreases are largely because of generally favorable weather that has encouraged hope that yields can reach or exceed trend despite the very late planting season and the resulting later-than-average crop development. Forecasts remain favorable into mid-August and the weather models project some late week rain for the dry portions of central Iowa.Assuming weather for the next two-three weeks wo...
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.