GOOD MORNING, Prices were higher at the start of the PM session with beans and soyoil in the lead to the upside. Global vegoil prices remain lock-step in the plus column as energies work to new highs. Canola prices are once again sharply higher on poor Canadian weather. Matif/Canada rapeseed futures are higher. Beans pop to the upside with meal prices still struggling. Wheat is still in the process of price congestion, but hasn't given up on its bull flag formation yet. Corn is tightly congesting between recent highs and lows. Corn prices are firmer with Matif futures higher on the slow EU harvest. Brazil may also be close to being sold out of corn. China returns from holiday, and perh...
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.