The CBOT was mixed at mid-week with wheat futures continuing to see support from the pending votes in Ukraine about whether four regions will join Russia. Moreover, signals from Russia’s President Putin indicate the country is preparing a significant escalation in the war effort, which will likely directly undermine Ukraine’s export opportunities. Western political leaders have condemned and decried Russia’s recent moves, but additional, tangible actions are presently lacking. Corn and soybeans initially found some support from the wheat market but ran into technical resistance and retreated in moderate volume trading. Funds exerted only a quiet influence in the markets Wednesday and are thought to have been net buyers som...
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.