Grains seemed neglected during the overnight session as witnessed by a very light trading volume. After a slow and mixed start, the day session saw more trading interest, which is to say, more selling interest. Wheat led the way south with corn tagging along. General Comments The May contracts expired quietly at noon (CDT) today. Virtually all of the positions in the May contracts for grains, soybeans and soy products were already closed out yesterday, leaving only a minor amount of open interest remaining to be liquidated today. May corn began today with the largest remaining open interest, and it was only 357 contracts. We wonder if there is a message in the fact that the May contracts for corn, soybeans, CME wheat, KC wheat and MGE whe...
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.