The CBOT was mostly steady on Monday following Friday’s volatile reaction to the September WASDE. Corn, soybeans, and SRW wheat were all lower but traded benign days on their charts from a technical standpoint. Export potential is once again under duress from Tropical Storm Nicholas, which hit the Texas Gulf this morning. Overall, the CBOT adopted a patient, slightly weaker tone as traders and analyst evaluate U.S. yields and export demand. In contrast to the CBOT’s stability, the CME (i.e., livestock) markets collapsed today with cattle leading the way after a fire broke out at a Nebraska packing plant. Looking forward, WPI expects the CBOT to turn sideways heading into harvest. This is the wrong time, seasonally, for th...
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.