Corn Despite the fact that farmers are still primarily focused on the soybean harvest, the corn harvest advanced 6 percent last week. The progress was larger than expected and put the total harvest at 32 percent complete. The faster harvest pace combined with clarity about movement restrictions allowed the flow of trucks to ports to move above prior weeks' levels. Vessel loadings have been faster than the arrival of new vessels, so the current lineup is 600 KMT lower than the prior week. So far in April, 2.2 MMT have been loaded and there are vessels available to load some 2 MMT more. April loadings of 4.2 MMT would be a fair number and May loadings should be similar. Asia remains Argentina’s biggest destinations, securing 0...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.