Wheat: Net sales of 591,000 metric tons (MT) for 2020/2021 were down 8 percent from the previous week, but up 50 percent from the prior 4-week average. Corn: Net sales of 1,448,600 MT for 2020/2021 were down 81 percent from the previous week and 52 percent from the prior 4-week average. Soybeans: Net sales of 804,700 MT for 2020/2021 were down 2 percent from the previous week and 20 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 263,500 MT for 2020/2021 were down 13 percent from the previous week and 16 percent from the prior 4-week average. Soybean Oil: Net sales reductions of 400 MT for 2020/2021--a marketing-year low--were down n...
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.