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Market Commentary

The following export inspections report was released after the close because of computer problems. The weekly crop progress report will not be released until tomorrow. General Comments Rain makes grain, and there were good widespread rains across much of the Corn Belt and Northern Plains over the weekend. Actual totals and coverage varied greatly. A few locations had 3 inches or more while others received little or no rain, but from the market's perspective there was a lot of rain.The map below shows the precipitation coverage for the last seven days:Outside market factors were mixed to start the session with the dollar slightly higher and energy markets slightly lower. Those markets reversed themselves later in the day with the dollar...

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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.

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