Corn ARGENTINA Both the old crop and new crop corn markets in Argentina have remained pretty quiet. Several sellers are still holding parcels or cargoes to finish the campaign. At the end of last week some parcels were traded at +30/28 CH FOB Upriver. The FAS market is very tight because of the lack of availability. In fact, a few weeks ago the president of the Chicken Producers Association complained to Interior Commerce Minister Guillermo Moreno that producers were unable to source corn in the local market. Moreno subsequently ordered exporters to supply 27,000 MT of corn every week to the domestic market. This demand, made without any regulation or decree, is forcing exporters to subsidize Argentina's chicken producers. The 27,000 MT...
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.