GOOD MORNING, The March 31 Planting Intentions Report and Quarterly Stocks will be released at 11:00 Tuesday, Chicago time. Get set, it is typically a market mover. General expectations into the report are those of high corn acreage, as compared to record low wheat. Historically low winter wheat plantings were reported back in Jan., and spring wheat acreage could fall slightly from last year's levels. Bean acreage is also expected to be higher. This morning, the markets remain mixed with each continuing to have its own story. Wheat is higher with its correlation as a food staple, with countries now implying that they will cut back on exports, ie Russia for one. Fundamentally, wheat futures don't h...
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.