South American soybean prices have been hesitant to follow futures markets higher. The result is that Argentine basis continued to weaken last week. Corn The Argentine corn market is becoming active as increased farmer selling is met by consistent demand in the export market. An important reason for this expanded activity is that Argentine corn has become competitively priced on the global market. The end results are sales to North Africa (Morocco, Algeria), South America (Peru, Chile) and the Caribbean (Dominican Republic).Even though the Argentine corn harvest was delayed this season, recent price increases are creating an incentive for farmers to move their grain in large volumes. The rate of sales to date has reached approximately 9 M...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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.