Corn Argentina’s corn harvest continues to move at a slow pace as producers are still focused on harvesting soybeans and the corn still has high moisture levels. Weekly progress was reported at 0.4 percent of the area, which brings the total harvest to 25 percent completion. The harvest so far totals 12 MMT. On the commercial side, the government increased the corn exportable balance for the 2021/22 season by 5 MMT to a total of 30 MMT. At the same time, the government authorized affidavits for corn export sales of 10 MMT for the 2022/23 season. The extension of the quota for MY 2021/22 comes just as exporters were competing with local purchases for the previously authorized quota. The FAS market traded an atypical week...
What You Need to Know Today: The U.S. and Iran exchanged strikes, with the U.S. hitting Iranian bridges, energy sites, and military infrastructure. Iran launched a missile into Kuwait that damaged a desalination plant. Crude oil futures surged on heightened Middle East tensions, providing supp...
Key Takeaways: The EU heatwaves have coincided with key maize crop reproductive timing and featured high nighttime temperatures, a cruel two-sided blow to maize yields. France, much of western Europe, and Hungary have suffered the worst of the heat, with yield potential collapsing. WPI&r...
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.