Signs indicate that demand for old crop corn remains brisk, and corn exports are holding to a level that appears to justify USDA's latest estimate of 1.75 billion bushels. General Comments There are some interesting dynamics involving grain and soy futures price action so far this week. After the long weekend, grain and soy markets took a lashing on Monday. Since that day's close, however, CME July wheat is up 7.25 cents and July corn has gained 15.75 cents, but July soybeans have dropped 22.5 cents. In that same period, November soybeans have gained less than 4 cents, a modest change, but at least a positive one compared to sinking old crop prices. In other words, the grains have rallied back to recapture some of Monday's losses, but old...
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.