The CBOT was mostly lower on Friday with the soy complex accelerating its selloff and confirming that this week’s early strength was indeed merely a dead cat bounce. The soy complex found pressure from weak energy values and Thursday’s disappointing Export Sales data as Brazil’s harvest continues with few impediments. Corn futures drifted lower for the day as well amid spillover selling from the soybean market and generally favorable weather outlooks for Brazil. Wheat futures ended mixed with HRW futures posting small gains following Paris futures’ two-day rally while the CBOT market ended flat. Funds were net sellers for the day across the board. The monthly “jobs report” from the U.S. Department...
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.