Wheat: Net sales of 523,000 metric tons (MT) for 2020/2021 were up 42 percent from the previous week, but down 8 percent from the prior 4-week average. Corn: Net sales of 61,600 MT for 2019/2020 were down 84 percent from the previous week and 63 percent from the prior 4-week average. Soybeans: Net sales reductions of 12,700 MT for 2019/2020--a marketing-year low--were down noticeably from the previous week and from the prior 4-week average. Soybean Cake and Meal: Net sales of 34,500 MT for 2019/2020--a marketing-year low-- were down 81 percent from the previous week and 77 percent from the prior 4-week average. Soybean Oil: Net sales reductions of 200 MT for 2019/2020 resulting in in...
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.