Markets were cautious ahead of this afternoon’s WASDE report and wheat and soyoil opened on a weaker tone. As the morning wore on, buy soyoil/sell meal trade developed and wheat selling pressured the corn market as well. Funds were long wheat and soyoil but short everything else heading into the WASDE report, and that hasn’t changed, except that the long wheat position is now much smaller. The USDA incorporated reasonable and somewhat unsurprising estimates of Chinese Phase One agreements into WASDE balance sheet line items today. Chinese 2019/20 soybean imports were revised 3 MMT higher and pegged at 88 MMT. USDA put Chinese 2019/20 corn imports at 7.2 MMT, which reflects China’s WTO commitments. USDA left China’s...
The magpie goose (Anseranas semipalmata) is the sole living representative species of the family Anseranatidae. This waterbird is found in northern Australia and southern New Guinea.[2] The species is not truly migratory but it sometimes travels large distances to find food and water, especiall...
The common ostrich (Struthio camelus), or simply ostrich, is a species of flightless bird native to certain areas of Africa (and historically, Arabia) and is the largest living species of bird. The common ostrich is one of two extant species of ostriches, the only living members of the genus St...
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A pika (/ˈpaɪkə, ˈpiːkə/ PY-kə, PEE-kə[3][4]) is a small, mountain-dwelling mammal native to Asia and North America. With short limbs, a very round body, an even coat of fur, and no external tail, they resemble their close relative the rabbit, but with short, rounded ears.[5] The large-eared pi...
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.