Wheat: Net sales reductions of 95,600 metric tons (MT) for 2020/2021--a marketing-year low--were down noticeably from the previous week and from the prior 4-week average. Corn: Net sales of 137,400 MT for 2020/2021 were down 74 percent from the previous week and 72 percent from the prior 4-week average. Soybeans: Net sales of 165,300 MT for 2020/2021 were down 44 percent from the previous week, but up 86 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 202,000 MT for 2020/2021 were up 24 percent from the previous week and 66 percent from the prior 4-week average. Soybean Oil: Net sales of 6,100 MT for 2020/2021 were up 67 percent from the previous week and 3 percent from the prior...
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.