GOOD MORNING, The fight for acreage is heating up between corn and beans. Corn is first up for planting, and sticking to its guns by holding in firm. Resistance for beans is still in play with a carry-out that is not snug, and more supply on the way. China may purchase beans, but the unknown post trade agreement signing continues to keep beans in a tight range. Additionally, the weaker Brazilian Real, which fell to a new low yesterday, provides the conditions for Brazilian farmer selling activity. Nonetheless, beans are up in front of the signing date tomorrow, retaining its $9.35-$9.55 comfort range. Profit-taking in oilshare continues, with meal higher against new soyoil chart lows. March wheat h...
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.