The market opened today as it had closed from the previous night’s session, with double digit declines in many contracts. An hour into today’s session, first soymeal, then corn, then HRW and hogs turned green. Many then wobbled both sides of unchanged. There was a new contract low in soymeal, though ultimately it was joined by HRW in being the only two major contracts with an upside close. The dollar is now down 2.5 percent, so it will not offset the impact of higher tariffs as estimated by the Treasury Department, but it will make exports more competitive. Canada and Mexico being spared for now in the fight were key for stability. Going forward, the market wants to know how this impacts consumer spending. The trade...
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.