Last Friday we took a peek at the potential U.S. corn outlook for the 2013/14 marketing year and how it might be quite bearish if weather and yields shift back towards "normal." The elephant in the soybean/oilseeds room today is the potential for massive soybean production in South America. Some analysts are looking for as much as a 36 MMT increase in soybean production in Brazil and Argentina based on increased plantings and, of course, record yields. The October USDA WASDE put the increase in those two countries at 28.5 MMT over 2012. The problem today is that it has been super wet in Argentina and southern Brazil and too dry across central and northern Brazil. Planting has been delayed and some people believe that the yield potential i...
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.