If rains are disappointing this weekend in Brazil and Ukrainian political unrest continues, corn contracts could temporarily move higher without any assistance. General Comments Markets traded in a logical fashion today as traders with long positions in the soy complex took some profits, while wheat and corn remained firm and closed higher. This is the type of action that we spoke about last night of having a profit objective in mind rather than passively waiting and reacting to the triggering of an indicator. WPI noted just about a week ago (11 February) that the protective blanket of snow was forecast to decline, and the increased spring volatility in grain markets could be ignited by winter wheat if the pattern of freezing temperatures...
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.