GOOD MORNING, Prices are higher across the board as funds buy anew yesterday. Beans place new ctr highs with January over $11.00 with rumors that China is once again around the market. Corn follows beans with short-covering in wheat as more tenders emerge from Jordan, Pakistan, Syria, Tunisia, and Japan. China's dispute with Australia could turn exports back to the US, while China continues to auction off large wheat reserves due to soaring corn prices. Soyoil values are higher following a sharply higher palm oil market. Meal is higher as crush margins are very attractive. A return to a weaker US dollar is supportive as well. Strong technical buying activity fueled the upside of the market as new fund m...
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.