The actual WASDE numbers were a bit more positive than the trade estimate average, but that didn't slow the across-the-board selling. General Comments Markets were under pressure overnight as well as heading into this morning's USDA March WASDE. The actual WASDE numbers (detailed in a separate analysis) were a bit more positive than the trade estimate average, but that didn't slow the across-the-board selling. In fact, the selling pace actually accelerated after the report was released. It was definitely a "sell the report" day, regardless of the content. These markets have put in significant rallies over the last six weeks and deserve a break. The question, of course, is how long the break will last. Bearish analysts are expecting bearis...
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.