GOOD MORNING, Prices are mostly higher heading into the April WASDE report to be released at 11:00 Am Chicago time. Expectations include reduced world production numbers from Argentina and Brazil, along with slightly higher US 2019/20 ending stocks. Question for now is how much negativity is factored into prices at current lows. Corn continues to find modest bumps higher on light short-covering activity, though yesterday's sharp cut of 20% to ethanol production was top end of trade estimates, and then some. Wheat toggles back and forth in a tight trading range, but the restrictions around the world are supportive overall. As planting time arrives, the trade between corn and beans flip-flops back and for...
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.