Wheat: Net sales of 764,400 metric tons (MT) for 2020/2021--a marketing-year high--were up noticeably from the previous week and up 77 percent from the prior 4-week average. Corn: Net sales of 981,100 MT for 2019/2020 were up noticeably from the previous week and from the prior 4-week average. Soybeans: Net sales of 313,000 MT for 2019/2020 were down 67 percent from the previous week and 46 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 177,200 MT for 2019/2020 were up 43 percent from the previous week and 54 percent from the prior 4-week average. Soybean Oil: Net sales of 5,700 MT for 2019/2020 were primarily for Guatemala (4,200 MT, including decreases of 3,00...
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.