GOOD MORNING, Macro events continue to play out in the Ag space, as weaker crude impacts soyoil, which locked limit -down, plus more cases of coronavirus popping up in the US. The US dollar trades higher as traders unwind prev. buy energies/sell soyoil. End of month and quarter takes its toll as funds remain long across the board. Asian palm oil prices were lower following soyoil prices. Early trends include what appears to be new positions in soyoil/meal, while wheat hits new lows and corn / beans are mixed. International Grains Council forecast 21/22 worldwide wheat production at 790 mmt vs. 744 mmt year ago. The International Grains Council forecasted world 21/22 corn crop near 1,19...
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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.