GOOD MORNING, Prices were on the defensive overnight, as volumes remain light and new inputs quiet. Soyoil futures congest though finds pressure from lower energies. Corn prices continue lower with weaker wheat setting the stage for lower trade. Chicago and KC wheat each drift to new lows, and continues the downtrend price action. Beans may have gotten too high, and lose to corn overnight. Profit-taking in oilshare is a major feature as canola, palm, and crude are in the red today. In more guesses in front of the March 31 Planting Intentions report, Farm Futures has the following acreage estimates: all wheat: 45.61 mln acres, up 2.8% vs. year ago. corn: 93.59 mln acres, up 3.1% vs. y...
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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.