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Market Commentary

Weather forecasts run yesterday afternoon and evening continue to show a drying trend across the Corn Belt, which led futures lower overnight. The worst of the planting-delaying weather seems to be over, and fresh forecasts are broadly encouraging. Overnight pressure also came from news that hog producers in the Southeast U.S. are importing South American corn as FOB NOLA prices now exceed FOB Paranagua, Brazil offers by $13/MT for June delivery. The day’s trend at the CBOT was lower as the weather should allow fieldwork to pick up significantly. Rumors have been circulating that farmers have made good planting progress so far this week and should continue to do so into the weekend. If farmers can get a crop into the ground, the mark...

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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.

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