A hint in the market suggests that Brazil's new crop logistics might not be any better than last year, although there is hope for an earlier start to the shipping season. General Comments Markets were very quiet in light trading volume overnight, but that slow and steady level of trading changed abruptly in the first hour of today's session when the soybean market jumped to double-digit gains that dragged wheat and corn higher as well. After reading all the reasons prices should go lower before the markets opened, the commentary quickly shifted to increasing demand for corn and very strong domestic demand for soymeal once the markets leaped higher. USDA announced another corn sale this morning plus the sale of 40,000 MT of soyoil.U.S. fin...
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.