The CBOT was sharply lower for the day with corn and soyoil breaking technical support levels while soybeans pulled back but maintained their recent trading range(s). Wheat futures were 40+ cents lower but still only marked inside days on their charts – a testament to the strength and volatility of recent trade. There was little change in commodity market fundamentals on Wednesday, but the aggressive selling was precipitated by a macro-market selloff. U.S. stocks and related markets were sharply lower after multiple companies reported inflation issues in quarterly earnings calls. The U.S.’ inflation bill is starting to come due, and markets are realizing just how big the payment will be. Outside markets are likely to be volatile...
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.