Chinese crushers have returned to demand soybeans from South America. Following two months of inactivity and desperate attempts to resell cargoes of prior Chinese purchases, market conditions seem to have turned around. Wheat A new meeting was held between the Argentine government and exporters regarding the wheat export situation. The government released the remaining 500,000 MT of wheat licenses, which completes the entire quota of 1.5 MMT. With production about 9.2 MMT, the allowable export surplus will be larger than that number. As a result, the government has pledged to release more volume in the future in accordance with available stocks.As always, one of the government's main fears is an increase in bread prices. Government bureau...
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.