GOOD MORNING, When a technical price move is initiated by such a definite signal as a key reversal or head and shoulders formation, it is sometimes obvious that prices will gain more traction to the upside or downside. When a price move is about to end, it is sometimes unclear. So far, grains and the soy complex have each moved to new highs motivated by positive technical signals, fundamentals, and weather. Yesterday, the bean market was given a news headline that could reduce carry-out yet again, should it come to fruition, but the market stopped short of making a move higher because of doubts about the story. Will China purchase ag commodities? When? How much? Though prices reached the peak highs of recent trading rang...
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.