There were reports of a frost/freeze across Argentina that might have done some damage to late-planted corn and soybeans, but this news didn't cause a ripple in the markets. General Comments Soybean futures started higher Sunday evening with corn and wheat under some selling pressure. Overnight volume was very light, and soybeans didn't stay higher very long. Much of the world was closed again today for the Easter holiday, so a large segment of the trading population was not at work.There were reports of a frost/freeze across Argentina that might have done some damage to late-planted corn and soybeans, but this news didn't cause a ripple in the markets. Russia and Ukraine apparently reached some sort of agreement over the weekend, but the...
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.