The CBOT’s trade was primarily focused on last-minute preparation and positioning for the WASDE, which USDA will release at Noon ET on Wednesday. That meant corn and soybeans saw more selling pressure as expectations call for larger U.S. crops and ending stocks for the coming year. Wheat, on the other hand, saw a 20-cent rally develop on short covering, commercial buying, and ideas that the recent selloff was overdone ahead of USDA’s likely supply-tightening revisions to the global balance sheet. Funds were net buyers in wheat but a good portion of that was short covering, and were modest net sellers in corn and the soy complex. Outside markets were mostly higher for the day with enthusiasm over AI driving tech stocks hig...
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.