The market was green across the board in grain and oilseed in the overnight and mostly finished that way in the day session except for soyoil, where profit taking prevailed. It seemed like a hot week for soyoil but after today’s session, it turned out to be corn that had the better week.&...
The June retail sales report beat consensus expectations, rising 0.6 percent. Moreover, it was a strong report, with 10 out of 13 of the sales categories increasing. The largest increase was in the auto sector, a traditionally volatile category. June sales were up 1.2 percent, which came after...
The biggest question in the cattle and beef markets lately has been “when does the rally stop?” after beef values and fed and feeder cattle prices have all rallied to new all-time highs (beef prices if one ignores the brief rally during the COVID-19 plant closures). The fundamental...
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.