Markets were higher overnight, but they couldn’t hold today except for wheat. Wheat has spent the past two days digging out of the hole it fell into on Tuesday. Overall, there are no new fundamentals and so the market is trading purely on technicals, which means mostly sideways as funds trade in and out of their short positions. Perhaps reflecting desperation or better fundamentals, equities found more hope in the upcoming trade meeting between the U.S. and China than did Chicago. There are even rumors of significant outcomes, but with so much fake news it is hard to tell. With ag commodities, we should be going to seasonal lows and so even rallies this time of year should be short-lived. Guesses by the trade ahead of ne...
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.