Grain and soy futures markets did very little overnight and again during the day session with volume and volatility in decline. In fact, we would rate today’s market as the dullest so far in 2019. Reflecting the lack of volume, today’s daily trading ranges were collectively among the smallest of the year to date. Winter wheat traded in a 5-cent range, corn ranges were less than 3 cents, and soybean prices were contained in a 6-cent range. Corn and soybean futures prices are now just about where they were last Thursday before the Friday release of USDA reports. Market traders are still concentrating on efforts to avoid another government shutdown and also the trade negotiations in Beijing. There is no news from those meetings ex...
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.