GOOD MORNING, The markets all started the evening trade with losses, but slowly came back in the grains to trade higher. The major function of the market into the morning is that of continued position-evening into the USDA report. Wheat remains supported as private estimates for Russian production continue to be dialed downward, and Matif wheat making new highs this week. Beans break but rumors continue that China continues to be around the bean market for both the Gulf and the PNW. The major volumes in the market continue to be the market roll. The market continues to gear up for what the USDA has to say at 11:00 central time. USDA may have to adjust old crop exports lower, which could raise the ending...
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.