World Perspectives
feed-grains soy-oilseeds wheat

Corn Market Dynamics

Having become confident that it has a good handle on total U.S. corn supplies for 2016/17, the market has already begun to switch its focus to the next two potential market-moving factors.According to USDA, some 61 percent of the huge U.S. 2016/17 corn crop was harvested as of 23 October, which is about in line with the five-year average. Except for some rain predicted for the Corn Belt later this week, the weather outlook calls for mostly dry, warm conditions until mid-November that should allow the corn harvest to easily wrap up. Essentially, weather conditions during the harvest have been about as favorable as they were through much of the growing season.USDA/NASS’s October estimate of the U.S. 2016/17 corn production is 15.057 billion b...

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livestock

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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.

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