GOOD MORNING, The markets are mixed this morning as wheat is sharply higher against lower prices elsewhere on the board. Wheat prices are higher with Russian announcing they would strictly limit wheat exports in Q2 2020, with exports possibly stopping as soon as mid-May. Adding some concerns to supply, Russia's IKAR lowered wheat production from 77.2 mmt from 79.2 mmt due to dry weather conditions. IN lieu of this, Russia's supply could be tighter, restricting them from participating in tenders which makes the US more competitive. Crude oil prices are down $7.00 to $11.04/barrel, the lowest level since 1999, which is impacting the energy related markets corn and soyoil, both of which are lower.&nb...
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.