GOOD MORNING, The markets continue to adjust into Friday's WASDE report, which is typically not a market maker. Prices are mostly firm this morning proceeding still with an air of caution. On the bear side for beans are China's crushing margins, which are weaker, and slows demand for SA beans. Brazil's bean prices remain at a deep discount vs. US. Countering that are strong US processor bids for crush, with domestic bean basis firmer. What to expect from the April WASDE due out at 11:00 central time on Friday? Expectations of tighter ending stocks for 20/21 support May bean futures. Bean futures continue to also take a cue from firm soyoil trade. Beans are supported by soyo...
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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.