You can plug any yield you like into these acreage estimates today and come up with bullish and bearish outcomes.Today's USDA quarterly stocks and planting intentions reports were bullish corn, neutral wheat and slightly bullish for old crop soybeans. The tables below show the actual report numbers compared to expectations and 1 March 2013 numbers:Corn-Today's corn numbers, both stocks and acreage, were bullish for corn. The 1 March stocks estimate came in about 100 million bushels below the average trade guess. The problem is that many analytical groups were looking for another quarterly stocks report that showed a significant jump from the previous report. Remember that the January quarterly stocks number was the first bullish surprise th...
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...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.