World Perspectives

Selling Commodity Markets

It is not easy to change long-entrenched, negative public perceptions about futures markets and speculators, much less explain why they are important in everyday lives and the public’s well-being. Yet, that difficulty is not a reason to avoid making the attempt.Earlier this week, the Commodity Markets Council (CMC) held its annual State of the Industry meeting where a variety of speakers presented their views on the derivatives industry, its problems, opportunities and, ultimately, its future. The CMC morphed directly from the old National Grain Trade Council in recognition that the industry involves much more than grain. This year the CMC will celebrate the 80th anniversary of the combined organizations. Not surprisingly, the consensus vie...

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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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