The market was called higher except for soymeal and that was the start to the day, but it only took a few minutes before it turned much more decidedly mixed. Another very large flash sale of corn to China got everything fast out of the gate but the enthusiasm eventually evaporated even for corn, which set another intra-session high but then closed just a fraction in the green. Even for those markets that slid downward today, it is not a bear market. Overall demand, large volumes, and record export values means a healthy market, even if somedays are down. Selling the tops and buying the bottoms is what happens. The trend is evidenced by the CME’s continual raising of maintenance margin levels. NYU’s Aswath Damodaran unpack...
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.