Conab reduced its estimate for Brazil's 2014 soybean crop, disappointing the government that had predicted the country would for the first time have a larger crop than the U.S. as well as become the world's largest producer. Big Chinese Soy Purchase Cancellations Trade sources indicate Chinese crushers canceled purchases of about 600,000 MT of South American soybeans this week and are negotiating additional cancellations. These actions are being driven by a soybean glut in China and negative crushing margins. Chinese soymeal demand has been reduced by outbreaks of avian influenza and low pork demand. Most analysts have been expecting China's crushers to cancel purchases of higher-priced U.S. soybeans, but most will apparently be of South...
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.