The market's tepid price action following yesterday's bullish (for soybeans and corn) WASDE was considered disappointing to market bulls, and long liquidation was the game today. General Comments China announced that its total exports fell 6.6 percent during March and total imports fell 11.3 percent. A decline in exports had been predicted, but imports fell more than expected. Raw material imports were hard hit. Crude oil imports fell to the lowest level in five months. Soybean imports in March from all origins were 4.6 MMT. That was nearly 1 MMT less than had been forecast, further calling into question USDA's estimate of 69 MMT of imports for the year. Analysts are drawing all sorts of conclusions from the Chinese data, but the most obv...
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.