Note: WPI’s data supplier for futures pricing and data experienced a significant outage on Tuesday, 9 September. All prices/quotes in this article are believed to be correct, but clients should double-check values before acting on any information contained herein. The ag markets showed two very different trends on Tuesday: grains were mostly stable while they wait for the September WASDE while cattle futures plunged to limit-down prices amid an intensifying selloff. The reason for grains’ lack of activity was clear – funds are happy with positions ahead of the WASDE and the markets are likely to see only minor jockeying before the report. Cattle futures, on the other hand, are seeing a quick exit of speculative money...
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.