GOOD MORNING, Prices are lower across the board after the July WASDE made only marginal cuts to production estimates. The bottom line is that unless there is a weather problem, supplies will be ample. Negative comments as regards trade negotiations added to the technical selling picture. Rainfall prospects are improving over the next five days which pressured prices this morning. WEATHER US: Southern Plains will be warm to hot with restricted amounts of rainfall over the next few weeks. The southwest Corn Belt will be the driest over the next two weeks with hot weather into early next week. Though temperatures remain above normal starting mid-week to weekend, conditions may be unsettled enough to have...
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.