CBOT markets opened mostly higher with support from oversold technical conditions and strength from rising U.S. equity markets. Coronavirus is far from over, but the shock of the story seems to be wearing off. Wheat and corn found early support while the soy complex was dominated by sell meal/buy oil trade. President Trump’s top economic advisor, Larry Kudlow, said today that China’s coronavirus would delay the “export boom from the trade deal”. The deal will take effect on 15 February, but recent rumors suggest China is considering invoking an article in the deal that allows for flexibility on purchase commitments in the event of large disruptive events. WPI thinks it’s too early to put much faith in th...
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.