Soybeans Brazil reacted quickly to the weakness of the real which dropped from 2.25 to 2.4 reals/USD and the rise of CBOT levels. Farmers sold large quantities of new crop soybeans at more than 1 MMT per day in the past week. They have already sold about 15 percent of their 2013/14 crop. Although that is less than normal for this time of year, the volume is well above that of Argentina where farmer selling does not reach even 1 percent in price. Brazil also sold at least 3MMT of soybeans FOB and CNF to China. February traded at +190-187SH for all Brazil and +194-200SH for north ports, CNF north China. FOB market traded at +100SH for north Brazil and some at 6 cents discount for south China. Demand remains for February at +190SH C...
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.