It started out as a risk-off day across the board but then there were some acquisitive moves as time progressed. Things turned positive for grains but not for most of the soybean complex; things turned positive for lean hogs but stayed negative for live cattle; and the S&P 500 turned positive even as the Dow stayed in the red. Overall, the futures market has flipped. It was once buying soybeans while selling corn. Then it was buying wheat but still dumping corn. The funds are still short 130,000 corn contracts but are having to adjust to a market that has now become buy corn while selling wheat and soybeans. The market also appears to be focused on wait and weight – wait for the weighty purchasing impact of China based on...
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.