Corn Last Friday Argentine corn showed good trade movement in the FOB market. After some inactivity, interest appeared from FOB buyers at levels around +14/+15 CN. Argentine corn was mainly sold to Colombia and Peru. These countries took several cargoes for 15 May and June at these levels. It is clear that Argentine corn is much more attractive than U.S. corn, which is being quoted around +95 CN for similar positions. Additionally, a trade was performed last week in Bahia Blanca for 15 May shipment at +45 CN FOB.After the big volume traded last Friday, this week started quietly with sellers offering at +17CN -- although bids did not improve from +10 CM. The demand pretty much covered for May and June, but there is still some room for add...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
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.