GOOD MORNING, Prices are higher heading into the open. July futures expire today as noontime, and July corn placed a new contract high for the week at $7.50 1/2. Oilshare continues firm and wheat is trying to find its footing. Buyers were not enticed by wheat's price action so far, though Egypt came in overnight for September delivery with Romania the lowest offer so far. Wheat is higher today and now shows more chance of seeing upside follow-through. Soyoil futures pull back a bit on a correction in canola, though higher palm oil contracts have been supportive. Prices are congesting now post report in trading range activity. Beans are building on gains this week, following soyoil trade. Spr...
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.