GOOD MORNING, Prices are lower across the board to begin the morning as funds continue to put on new short positions in lieu of weaker macros, lack of demand, and neutral growing conditions. The historic collapse in crude oil futures continues to weigh on commodities in general, but specifically those linked with Ags such as corn and soyoil, which are both making new lows this morning. Sharply lower palm oil impacts soyoil futures, which trades towards the lower end of prices in mid-March. Only wheat futures manage to trade higher as concerns over tightening global supplies on the pandemic and dry weather continues. Crop progress reports were released last night and were in line with expectations. It's early in the...
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.