Through 22 October, funds engaged in the expected short covering in the corn market amid the unexpected surge in exports. Funds’ total buying volume, however, was below expectations at just shy of 20,000 contracts though they certainly added to that number after Tuesday’s data reporting deadline. In soybeans, funds were still selling short and expanded their small position in that market by 43 percent. Funds were also net ...
What You Need to Know Today: Corn and soybean yields in the September WASDE report were close to pre-report expectations. The corn yield came in at 178.5 bushels per acre, compared with an average analyst estimate of 178.1, while the soybean yield was 52.8 bushels per acre, slightly abov...
Commodity markets – being composed primarily of human beings – reflect the impatience and forever forward-looking nature of humans. In the present case, this means that while the September WASDE offered some much-needed and much-desired updates, markets are now focused on that etern...
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.