GOOD MORNING, The Feb. WASDE will be released at 11:00 central time. Typically, it is not a trend changer, but given implied tighter carry-out numbers, this report could impact the market. Major themes include possible lower ending stocks, possible lower world South American crop numbers, and higher export numbers. Traders will also be keeping an eye on China's domestic corn supply numbers to see if the USDA is too high. If these all come to fruition, it will justify long positions held by funds that include an estimated 395K corn, 185K beans, 120K soyoil, 75K meal, and 20K wheat. As it stands, stocks for corn and beans are at their lowest point since 2014, with world-wide demand strong. Glo...
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.