Except for Kansas City wheat, markets were down overnight, and everything nosedived today. December corn initially tried to recover, but that didn’t last long. It closed at $402.50, below the 200-day moving average (MA). The question opening the day was whether November soybeans would test $8.75; the contract lost 16.25 cents to close at $8.62.25 and may see more trouble ahead. December SRW wheat also closed below this morning’s expectations with a double-digit loss. The market was headed lower anyway, but the trade war with China drove a stake through everything. The Trump administration’s announcement of a 10 percent tariff on another $300 million worth of imports from China hammered equities and agricultural commodity...
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.