It has been a day of light trading volume and somewhat more limited price movements with corn closing lower, soybeans closing higher and mixed closes for wheat. General Comments Outside markets saw U.S. stocks advance after two down days. The Dow closed up 91 points. Crude oil fell 40 points to close at $99.20, and the U.S. dollar index closed higher. Gold was little changed. Russia has been drummed out of the G-8 group of industrialized countries that now becomes the G-7. Russian troops are holding to positions along the Ukrainian border. They have made no further incursion into Ukrainian territory, but that fear remains and the presence of the Russian army along the border keeps the fear well stirred. Although there has been no obvious...
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.