GOOD MORNING, Prices are mixed this morning with beans and soyoil lower, grains firmer. More longs are liquidating length in beans due to the turn to better weather and stable conditions. Dec. corn technically holding on to its $3.30 low, which does not seem to be giving way. Corn finds support from wheat, which rallied sharply on Tuesday. In terms of stories, all eyes are on what China does with its corn reserves. The Chinese gov. plans to auction around 54 tmt of state bean reserves from the 2017 and 2018 crop years later this week. China is expected to auction around 3 mmt total this year to be replaced with newly imported US beans. WEATHER Cooler temperatures and widespread rainfall co...
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.