GOOD MORNING, Prices are firmer across the board this morning with beans in the lead scoring new contract highs again this morning. Strong demand for beans continues as yesterday's export inspections means that 19.4 mmt of US beans have been cleared for export since the start of Sep., or almost a third of the total that is expected to be exported for the whole marketing year. Corn prices are also firmer as traders await the outcome of the November WASDE, typically a report that does not offer much fanfare, but could make a difference for this time. The stock market is higher again, as news of a possible vaccine is still digested. Ideas that 2021 could bring about a return to normalcy also is price supportive...
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.