GOOD MORNING, Prices are posting new contract highs for beans and soyoil today with grains tagging along. Beans continue in ration mode with ongoing rumors of Chinese biz, plus soyoil is higher on the back of stronger crude oil and palm. Oilshare has regained its higher course as tenders remain active, (Egypt is in for 30 kmt of soyoil), and world veg oil balance sheets are tightening. Grains continue in congestive mode, though corn is fairly close to its previous high amid rumors about Chinese business filtering through the trade but without USDA confirmation. Tighter domestic and global balance sheets with production concerns in SA forces higher prices aimed at slowing demand, particularly for beans. Argenti...
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.