Corn To date, 17.5 percent of Argentina’s corn area has been harvested. Currently, combines are in the center of the country harvesting the early corn crop and yields continue well below recent years’ averages. However, total harvest estimates remain around 34-35 MMT. Local market prices continue to be very depressed and Argentina’s May corn futures contract fell more than $35/MT in April. In the physical market, April’s declines were more than $40/MT. There are several factors contributing to the weak markets. First, farmers are harvesting and want to sell, which is creating harvest pressure in local markets. Second, exporters no longer have obligations to comply with export permits, meaning there is now no...
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.