Milling Wheat The sentiment in the trade is more and more bearish, as the harvest is already starting in the Southern parts of the EU, Ukraine and Russia, and the crops are looking generally in good condition. The market is slowly eroding, as there are not many buyers around. Despite the bearish mood, exporters are cautious in building large short positions. The farmer selling pace in the coming weeks and months will determine how low the prices need to go to find the adequate level of demand. Obviously, the farmers don't like the current trend and they might try to keep their production for a few months before selling it. In case the projected good yields are materialized, the current price levels are still well above the production cos...
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.