Except for the hog market, the CBOT/CME was quiet for the first day of post-WASDE/post-Chinese purchases trading. Volumes were light as it looks like most of the positions that were going to be exited/flipped were traded yesterday. The markets seem hopeful about continued Chinese soy/pork purchases but, given the on-again-off-again nature of the present trade war, are reluctant to commit too heavily. Also, a strong rally in the corn market would erode what little competitiveness U.S. exporters hold in the global markets presently (PNW/NOLA soybeans are, however, a bargain versus South America right now). The news broke this week that House Appropriations Committee Chair Nita M. Lowey (D-NY) is attempting to block the White House&rsqu...
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.