GOOD MORNING, Prices are leaning lower in the overnight session as the much talked about first notice day is here. Soyoil and beans traded lower into delivery, which were a bit heavier than expected for the soy complex. Beans saw pressure from lower soyoil yesterday where May nearly traded limit down. Word of more US bean imports from Brazil cross the news-wires, as US crushers need beans June forward. There are rumors that China is cancelling Brazil beans and looking to buy US Oct/Nov. In the big picture, beans continue to see support from tight supplies, positive crush margins, and firm domestic cash basis. USDA March crush will be released on Monday, where advertised estimates are for the crush...
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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.