Wheat: Net sales of 273,000 metric tons for delivery in the 2018/2019 were down 61 percent from the previous week and 37 percent from the prior 4-week average. Corn: Net sales of 548,000 MT for 2018/2019 were up 2 percent from the previous week, but down 18 percent from the prior 4-week average. Soybeans: Net sales of 270,400 MT for 2018/2019 were down 86 percent from the previous week and 76 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 152,100 MT for 2018/2019 were down 20 percent from the previous week, but up 2 percent from the prior 4-week average. Soybean Oil: Net sales of 33,800 MT for 2018/2019 were down 8 percent from the previous wee...
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.