GOOD MORNING, The markets continue to be guided by position-evening in front of the year's end for corn, beans, and meal, which means that shorts are still covering. Soyoil positions remain unusually large vs. the last several years of trade. Beans remain supported by the signing of the trade deal in January. This morning, Chinese officials have indicated that they remain in touch with the US as regards a signing date for the Phase One deal. Corn basis remains firm throughout the country, and producers seem to be waiting to sell something until after the Jan 10 USDA WASDE. Beans closed higher for the third session in a row, and 13 out of the last 16, with the Jan. contract recovering 75% of the Oct. thr...
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.