Corn Local offers in the free aside shipment (FAS) market are approximately ARS 900 ($156/MT) and farmer selling below that is nil. Some consumers are paying ARS 910-920 ($157.70-159.50/MT). Considering those prices and export taxes at $43/MT, the FOB replacement is approximately +90/95CZ. A few exporters are willing to discount the market and offer the corn at +90/85CZ, but demand is not appearing. One of the biggest buyers for this crop is Colombia, and it is now buying U.S. corn. In fact, USDA reported this week that Colombia bought about 600,000 MT of U.S. corn for October, November and December shipment.Colombian consumers really like Argentine corn and buy it in combination with Hipro meal. Argentina is a favorable origin for pur...
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.