GOOD MORNING, The main trend that started last week, namely firm bean and soyoil trade, continued in the PM session trade. Bean prices continue to see support from more Chinese buying of US cargoes, while soyoil gets support from talk of possible coronavirus aid for the biofuel sector, and a strong palm oil trade. Oilshare is sharply higher this morning. Officially declared bean sales to the USDA for China and unknown destinations for 19/20 and 20/21 now total 1.52 mmt, or 32 cargoes. AgriCensus stated that the number of bean cargoes sold is probably higher than that. China's reiterations that they would honor the Phase One deal, (though US beans are indeed much cheaper than Brazil), keeps prices...
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.