The CBOT opened as called with wheat leading the way higher. Overnight news that the Russian ag ministry is considering adopting a policy that would permit the restriction of wheat exports (though WPI argues this is unlikely to be used this year) put a bid under the wheat market. Similarly, rumors of soybean and wheat export business being conducted was supportive for the broader ag markets. The world is waiting for tomorrow’s Phase One deal signing between the U.S. and China. After the signing is completed, the document will be released at least partially, and will offer good insight as to what U.S. farm product shipments to the Middle Kingdom might look like for the next few years. As WPI has cautioned repeatedly, however, ou...
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.