Wheat: Net sales of 650,600 metric tons for 2019/2020 were up noticeably from the previous week and up 32 percent from the prior 4-week average. Corn: Net sales of 784,800 metric tons for 2019/2020 were up noticeably from the previous week and up 4 percent from the prior 4-week average. Soybeans: Net sales of 711,500 MT for 2019/2020 were up noticeably from the previous week and up 3 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 375,200 MT for 2019/2020--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average. Soybean Oil: Net sales of 36,200 MT for 2019/2020 resulting in increases primarily for South Korea (15,000 MT)...
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.