The National Oilseed Processors Association (NOPA) today released a surprisingly large soybean crush report for March that was the main reason soybean futures rose by 1.3 percent today. NOPA Report Shows Very large Soybean Crush in March The National Oilseed Processors Association (NOPA) today released a surprisingly large soybean crush report for March that indicated members crushed 153.84 million bushels (4.187 MMT) of soybeans last month. That was up from the 141.612 million bushels (3.854 MMT) crushed in February and 12.2 percent greater than the 137.08 million bushels (3.73 MMT) crushed in March 2013. It was the largest March crush volume since 2001. The average estimate of analysts surveyed by Reuters was for the NOPA crush volume t...
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.