Wheat: Net sales of 317,700 metric tons for delivery in the 2018/2019 were up 16 percent from the previous week, but down 28 percent from the prior 4-week average. Corn: Net sales of 947,600 MT for 2018/2019 were up 73 percent from the previous week and 33 percent from the prior 4-week average. Soybeans: Net sales of 382,100 MT for 2018/2019 were up 41 percent from the previous week, but down 46 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 295,300 MT for 2018/2019 were up 94 percent from the previous week and up noticeably from the prior 4-week average. Soybean Oil: Net sales of 24,200 MT for 2018/2...
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.