GOOD MORNING, Prices are higher this morning on short-covering as we head into the growing season and begin to get the Good/Excellent rating category for crops. Wheat bounces off new trading range lows, as soyoil futures follow a higher palm oil market, with support from the flash sale to China yesterday. April NOPA crush will be released at 11:00 AM, with the trade looking for crush at an advertised 170.4 mln bu. vs. 181.37 mln bu in March. Oil ending stocks are advertised at 2.03 bln lbs vs. the previous 1.787 bln lbs. IEG vantage put out a bit of guesswork as to how acreage pies were shaping up: Corn: 94.2, down 2.8 Beans: 85.9, up 2.4 from USDA Cotton: 12.8, down .09 from...
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.