General Comments Capital preservation can sometimes be observed in trade activity, and that seemed somewhat apparent today as positions are adjusted prior to the release of the WASDE this Thursday. Speculative traders still hold a sizable short position in December corn and some find it is better to take limited profits below $4.70 per bushel than to take a chance of USDA releasing a bullish surprise on the market. The December corn contract closed up 5.50 cents to $4.69 per bushel. Of course, a number of the speculators have their short positions in corn offset with long positions in the soy complex. November soybeans closed down 1.5 cents at $13.55 per bushel. The November soybean contract worked lower through much of the day due to...
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.