General Comments The up-down-up-down pattern of futures market price action continued with both corn and soybeans reversing yesterday's rally. Late though it may be, we are in a weather market and services that stream weather radar images are definitely in vogue. Overnight and this morning, those radar images showed big blobs of rain over eastern Nebraska, northern Iowa and southern Minnesota pushing eastward into Illinois and Wisconsin. This brought rain to some of the driest areas of the Midwest. Amounts varied widely, but it all was most welcome especially since some of the warmest temperatures of the summer are due early next week.The rains encouraged longs to cash out and discouraged shorts from covering. The result had both the c...
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.