Trading is bracketed by bearish crop yields and passable weather on one side, and reasonable demand on the other. The former prevailed today in corn, soy and beef, the latter got the better in wheat and pig meat. White House economic advisor Larry Kudlow said China’s buying looks good, but there was no flash sale today. Instead we had the Pro Farmer crop tour and it is not reporting anything dramatic. Iowa is deathly dry but like the rest of the region, it may get good relief rains later next week. The full report from Pro Farmer should be released tomorrow and it will show that some areas have big yields, some parts of the Belt are underperforming average but are still better than last year. Fundamentally, it will not change the cur...
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.