Farmers in northern Argentina evidently have found a way of avoiding the nation's 35 percent export tax by smuggling their soybeans into neighboring Paraguay where they are classified as produced in that country. They can then be shipped back to Argentina and exported as Paraguayan soybeans. Oil World Sharply Reduces Estimate of India's 2013 Soybean Crop This week's edition of Oil World reduces the estimate for India's 2013 soybean crop to just 8.9 MMT from 9.7 MMT. That is well below its forecast of 11 MMT for the 2012 Indian crop and 19 percent below USDA's estimate of 11 MMT for the 2013 crop. Oil World indicates some other firms are suggesting India's 2013 soybean crop is even smaller.Because of the downsized soybean crop, Oil World n...
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.