Taiwan Crushers Tender for Soybeans Encouraged by the recent sharp drop in soybean futures prices, Taiwan's Breakfast Soybean Procurement Association (BSPA) today tendered to purchase up to 180,000 MT of soybeans. The soybeans are to be shipped from either the U.S. or South America, and delivery is to be 11-25 December 2012, 11-25 January 2013 and 6-20 February 2013. At least the first two cargoes are expected to be sourced from the United States. The tender closes on Thursday.It is likely crushers from several countries will use the recent setback in soybean prices to tender for soybeans. Prices have declined by over $2/bushel in recent weeks and now look attractive. However, there is still the potential for prices to move higher if USD...
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.