While there could be some profit taking by traders with long positions going into the weekend, the prospect that USDA could further increase its U.S. corn export estimate in Monday's WASDE is probably enough to constrain aggressive selling prior to that report being released. General Comments Corn, wheat and the soy complex all steadily moved higher today. As this was occurring, someone commented that there really is no justification for corn to move to present levels when ample stocks are still available. However, because ample stocks exist does not mean that they are available. Farmers are often reluctant sellers during a rally as the intent is to sell at the high. Intending to do that and actually accomplishing the objective are two di...
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.