Dry Weather Expected to Delay Brazil Soy Plantings A year ago, an early start to the rainy season in Brazil allowed earlier than normal plantings of soybeans in Parana and states in the Center West. That, in turn, allowed for an early harvest and earlier plantings of corn in the dry season. This year the situation is much different. It has been very dry across much of Brazil this year. That has contributed to the increase in fires across the Amazon region and the Cerrados region. Last year 9 percent of the soybeans had been planted in Parana on 17 September. This year plantings were much less because it is too dry to plant. However, forecasts call for a pickup in rainfall in southern Brazil in the next week or so, but the dryness is expec...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.