GOOD MORNING, The markets bounce this AM led once again by the soy complex. Beans are leading the way higher. Brazil continues to grow its bean crop, but in the meantime US beans remain the most competitive and fundamentals are still bullish. While traders hunt for signs that China is buying on the break, there is also chatter of Brazil needing to import beans to make up for their shortfall until their crop can be harvested. The idea that Brazil may have to import beans has been baked into higher prices, but confirmation of any cargoes actually sold would be price positive. Corn appears to have the most struggles to maintain its recent strength, as more bulls exit this space and perhaps new shorts enter...
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.