GOOD MORNING, Prices are higher in the PM session after yesterday's defensive price action. Much of the world was closed Monday with others out till Wednesday. World cash markets remain firm. Farmer selling remains above the market, and end-user pricing below, which creates air pockets as funds remain buyers on dips. Yesterday's break was due to overbought extremes in the market and perhaps a reduction in fund positions due to increased price limits. Processors continue to bid for beans for crush, and for corn for ethanol as margins continue to improve, adding support to the bottom line. The May Supply and Demand report is around the corner and it will include the first full supply and...
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.