Trading at the CBOT amid the U.S. Columbus Day holiday was cautious but saw mostly higher prices/buyer support. Technical buying fueled some speculative buying while reports are that some farm sales were executed with corn near $4/bushel. The biggest note of caution was Chinese statements that additional trade discussions are desired before a deal can be finalized. The U.S. weather pattern remains concerning for about half the major corn/soybean growing regions and friendly for the rest. Parts of the northern Plains will get some mid-week snow showers but nothing as bad as last week. Tuesday night brings high odds of frost/freeze for the western and northwestern Plains states. That freeze will certainly continue to cause problems for...
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.