GOOD MORNING, Prices are higher this morning as we begin a new month. The Commitment-of-Traders report finds that funds did not do much adjusting to their positions and remain net long for everything. May beans gap higher overnight on continuing dry weather in Argentina, while China's Dalian Exchange futures which hit a record high on Monday on tight supply. Soyoil is higher following crude and canola. Wheat prices are firm following world values, with Russian export prices rising for the second consecutive week. Matif wheat and corn prices are higher supporting US commodities. Inflows to commodities continue as traders look at inflation ahead. Despite higher short-term bond yields there is still talk f...
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.