Corn Argentina Argentina’s corn harvest is progressing slowly but gaining speed. Harvest gained 3 percent last week, bringing the total to 27.6 percent, which is 16 percent behind last year’s pace. Heavy rains during the past few days have delayed harvest in the corn belt. Farmers are now assuming prices they received two weeks ago ($245/MT FAS) are no longer available and they are unlikely to see such prices again this year. This is putting more pressure on farmers to increase sales and WPI estimates Argentine farmers still need to market 20 MMT of corn. Two weeks ago, sales were slow and featured small volumes but last week sales started to increase. Prices in the local market averaged $210/MT for prompt d...
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.