GOOD MORNING, The market remains focused this week on South American weather, harvest pressure, and signs of any Chinese purchases. Last week the corn market reversed course, breaking to new lows on Thursday only to take back those losses on Friday, in effect showing us its trading range in a two-day period. Part of the rally was attributed to potential corn business, as traders noticed signs of export trade off the PNW, (thought to be possible Chinese business), which drove shorts out since it was a three-day weekend. Passage of the USMCA trade deal was an important stabilizing feature. Technicals featured a strong trade in wheat with an outside up week closing higher. Strong demand, lower produc...
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.