Wheat: Net sales of 244,800 metric tons for 2019/2020 were down 48 percent from the previous week and 15 percent from the prior 4-week average. Corn: Net sales of 774,600 MT for 2019/2020 were down 43 percent from the previous week and 36 percent from the prior 4-week average. Soybeans: Net sales of 653,100 MT for 2019/2020 were down 39 percent from the previous week, but up 19 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 131,400 MT for 2019/2020 were down 20 percent from the previous week and 15 percent from the prior 4-week average. Soybean Oil: Net sales of 18,900 MT for 2019/2020 primarily for Algeria (15,500 MT, including 15,000 switched from unkn...
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.