The last 15-20 percent of Brazil's soybean harvest is being hurt by too much rain and will result in quality and yield loss. More importantly, the frequent rains are slowing movement of soybeans by truck to processors or ports.It has been another wild and wooly week in the markets with some significant price milestones hit. May corn futures traded back above $5.00 with December futures only 5 cents behind. May soybeans continued their unabated push higher and traded above $14.50. November soybean futures got within 3 cents of $12. KC and Minneapolis wheat futures pushed back above $7.00 with Chicago above $6.50. The bears have been in retreat. The funds have returned as buyers, not sellers. Interior basis levels have collapsed on increased...
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.