GOOD MORNING, Futures were mixed overnight, with profit-taking in oilshare and corn prices drifting lower. Corn has become the sell leg again for spread activity as dictated by weaker chart price action. Futures continue to back and fill and stay in trading range territory in front of Friday's important January report. The major expectation is that the US yield and harvested acreage will see total production heading lower for both corn and beans, so the measure is by how much, not if. Quarterly Dec. 1 stocks will be released and are expected by the trade to be around 15% lower vs. a year ago. The trade is not expecting many changes for Brazil or Argentine crops, but Australian wheat crops will continue...
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.