GOOD MORNING, Prices continue to head into large sideways ranges, but the disappointment over the March WASDE from the bull side continues. Seasonally March, April, and May find prices under pressure from SA harvest. The next piece of bullish news may come from the March 1 stocks report, where advertised estimates for bean stocks are expected near 1,500 mln bu vs. 2,255 mln bu year ago. Advertised estimates for March 1 corn is near 7,780 mln bu vs 7,951 mln bu year ago Soyoil remains the bull market, placing another new contract high overnight, while meal prices fall to new trading range lows. China's meal market was lower on growing concerns that a resurgence in African Swine Fever would impact hog her...
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.