GOOD MORNING, Prices are mixed this morning with wheat the only item in green after most of the markets started off on firmer footing. Minneapolis wheat set the stage for the bullish signal to emerge, but it has now spilled over into KC and Chicago markets. The Northern Plains will see more wet and cold conditions this weekend, slowing harvest and degrading quality. Buy Minn/sell KC and Chicago spread trades are correcting, bringing some support. The trade agreement between the US and Japan is bringing hopes of more US business. In that agreement, Japan will eliminate or lower tariffs for certain Ag products, which includes wheat. Japan is expected to provide a country-specific quota for wheat an...
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.