It has been a very volatile week with Wednesday's USDA WASDE sandwiched in the middle and providing a bullish burst to corn and soybeans. General Comments Markets were mixed in light volume of trade overnight. It has been a very volatile week with Wednesday's USDA WASDE sandwiched in the middle and providing a bullish burst to corn and soybeans. That was all it was, however, just a burst. Wheat turned weaker the last half of the week on a slightly bearish increase in ending supplies. Weather still offers a promise of at least some rain across the dry Southern Plains, but that possibility has been there for a month and still hasn't materialized. The soy complex pushed to new highs in the November contract on this move, but selling took ove...
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.