GOOD MORNING, Prices remain cautiously mixed, with bulls eyeing key technical spots on the charts. Corn prices moved to a new trading range high for the move up as spreads trade to new contract highs. Technically, this market continues to trade soundly, pulling back and holding to move higher. End-users continue to attempt to cover what they can on breaks, which continue to be fairly shallow. Farmers continue to sell a little bit of corn, but not enough to get corn into the pipeline to fill all the export demand. Wheat prices go on the defensive, as funds hold the smallest net long here, but also finds a bid at key lows. Beans are close to their highs as crush values jump higher. The b...
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.