GOOD MORNING, Prices are mixed overnight with corn prices lower on better-than-expected ratings, and a poor inspections report yesterday that suggests exports may not achieve USDA projections. Beans are firmer on a steady rating, but drier conditions moving into the following week. There is also chatter that China purchased a combination of US and Brazil bean cargoes last week. This outlook could favor buy bean and wheat trade/sell corn into the report. Spreading forward of September contracts continues. The Farmer Survey done in August will also be out soon. There is some harvest in the southeast. The UN climate report sounded the alarm on human greenhouse activity yesterday which sen...
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.