Old crop wheat prices have been depressed for months now, mainly due to exporters’ big long positions and slow, small Brazilian demand. Argentine wheat is the most competitive to Brazil by far as prices can rise $20-30/MT and still be cheaper. However, one factor has not allowed prices to heat up. Soybeans Argentina The crop is slowly coming to the end as farmers have harvested 96 percent. Of the remaining balance, 30 percent is in the region west of Buenos Aires and La Pampa with excess water; 30 percent is in the northern provinces where crops are under normal conditions; and 14 percent is in the area south of Buenos Aires with the rest distributed across several parts of the country. Production has reached more than 55 MMT to date, an...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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.