GOOD MORNING, Prices trade to new contract highs across the board once again, (except for meal), as Brazil remains dry, weather in the US remains problematic, and technicals remain bullish. Same story, different day, as commodity prices continue to soar. Concerns remain that 2021 bean and corn acres may not be enough to satisfy demand. World supplies are tight and demand good. Domestic crush margins are getting more positive and ethanol margins are continuing to improve. Therefore, we need to see big Brazilian and US crops, but Brazilian corn production looks problematic with chatter that the crop is heading lower. China continues to be around the corn and bean market. The Nov bean/De...
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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.