GOOD MORNING, Prices are lower after a disappointing USDA Feb. report that did not deliver the bullish information as expected given fund length. As is typical after a USDA report, traders and market analysts will have to digest the numbers. However, at this point and with harvest still ahead in South America, it likely would take a further weather problem to see prices return to established contract highs. Another major factor in holding current lows is if China comes in and views the sell-off as a good point to purchase. The March report will likely confirm whether prices have peaked or not. Chart watchers will be closely watching lower support points to verify if tops are in. Salient points in the report i...
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.