World Perspectives
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Crude Oil and Corn

Globally, the supply of crude oil and petroleum products is on a trend to hit a record-high 2.83 billion barrels by midyear. The question remains as to what impact oil prices will have on corn as ethanol production is nearing two plateaus.The boom in U.S. crude oil production coupled with a global slowdown in demand in 2014 has had a bearish impact on oil prices, particularly during the fourth quarter of that year. This has presented a significant buying opportunity. In fact, weekly ending stocks for crude oil and petroleum products have generally been on an upward trend since March 2014 and have consistently increased week-over-week since 21 November. Today crude oil and petroleum product stocks are running about 6.5 percent above the five...

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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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