Wheat Lack of rain and low soil moisture are still issues for Argentine farmers as they approach the wheat planting window. A few days ago, small areas received scattered showers and those farmers took the opportunity to plant wheat. But planting activities are still delayed for many farmers in the center/north and north as they are not able to plant due to drought and dry soils. Overall, planting has progressed faster than expected, mainly because the planting window is starting in the center and center/south where soil moisture was better. The Buenos Aires Grain Exchange reduced the planted area estimate by 100,000 ha, down to 6.5 Mha (versus 6.7 Mha last year). The FAS market saw origination of about 250 KMT per week during the past tw...
What You Need to Know Today: Corn and soybean futures were lower to open the week, with funds still in control and in a selling mood. The upcoming WASDE report on Tuesday is also likely to feature larger corn and soybean stocks, which helped put grain futures on the defensive. Wheat futures we...
Key Takeaways: Currency exchange rates influence agricultural export competitiveness and producer profitability, even when underlying commodity prices remain unchanged. A weaker domestic currency allows agricultural exporters to receive more local currency for dollar-denominated sales, potenti...
Soybeans Brazil Last week was once again very quiet, with very few trades. There is little activity in Brazil's old-crop market, with virtually no old-crop offers remaining for November. Brazil's export lineup for November and December is currently much smaller than last year's. After exporting...
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.