Summary for the period July30-August 5, 2021. Wheat: Net sales of 293,100 metric tons (MT) for 2021/2022 were down 5 percent from the previous week and 32 percent from the prior 4-week average. Corn: Net sales of 377,600 MT for 2020/2021 were up noticeably from the previous week and from the prior 4-week average. Soybeans: Net sales of 96,900 MT for 2020/2021 were up noticeably from the previous week and from the prior 4-week average. Soybean Cake and Meal: Net sales of 116,300 MT for 2020/2021 were down 14 percent from the previous week and up 29 percent from the prior 4-week average. Soybean Oil: Total net sales for 2020/2021, of 300 MT were down 89 percent from the previous week...
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.