The holiday trading season is officially here, which means the CBOT will likely see fading volume and volatility until the new year. Ag markets reflected much of that sentiment on Monday with wheat and corn falling amid reduced concerns about the conflict in the Black Sea while soybeans and soymeal saw gains from short covering and profit taking. Price action was subdued overall across the ag complex for the day with traders not expecting much this week, and with news headlines not offering many reasons for a major move either. The weekly Export Inspections report was mostly friendly for the grain trade, though wheat and corn seemed to ignore the input. Soybean shipments slipped from the prior week – as is their seasonal tendency – but...
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.