Although the soy complex and wheat opened lower, there was confidence in the corn number and by late morning most major contracts were in the green, aided by shorts that were selling at the end of the month to book profits. December HRS printed a new contract low today. There was high volume tr...
Readers will likely be familiar with WPI’s work over the past month or so exploring mispricing opportunities in agricultural futures. WPI’s work in this area seeks to identify (for the major agricultural commodities) where along the forward curve current futures prices have the grea...
Commodity markets opened mostly in the red but managed a turnaround late in the session for corn, beans and wheat. There was not much fundamentally driving the market. Export sales were solid but there have been no new flash sales reports for several days. By contrast, equity markets opened mix...
Yesterday, NASS and Statistics Canada released the 1 July cattle inventory in the two countries. Combined, the inventory was 106.1 million head, which was down to 99 percent of 2023 (the USDA suspended the July inventory report in 2024 due to budget constraints) and down to 92.4 percent of 2020...
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.