GOOD MORNING, The markets are going to open on a mixed note today, with some short-covering on a larger than expected short position for corn and beans, while spread trade continues to dominate. The Feb WASDE will be released tomorrow, but it may not offer up much of an impact. The real factors moving the markets would be control over the Coronavirus, which continues to spread, as well as whether China begins to purchase anything per the Phase One agreement. Coronavirus infections are up to 40,500 cases with 910 deaths. Beans attempt to build on support over $8.80 March, while corn moves either side of $3.80 using it as a pivot point. March wheat appears to have some road-blocks ahead of it,...
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.