GOOD MORNING, Prices are mixed to higher this AM, with rainfall this week having a slightly dampening effect. Beans are higher as more business is rumored to take place, while soyoil futures posts strength following palm oil. The market is weighing where yields and production are given the flash drought in the western Corn Belt, as well as the derecho event. China continues to be an active buyer of both corn and beans. For so many years, China buying corn from the US was a drought in and of itself, and given the record crop potential before August traders sloughed off Chinese purchases. The lower production and yield ideas are now creating support each time China purchases more corn. Dry weather in...
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.