GOOD MORNING, The markets are trading back and forth attempting to define ranges into the October report. Funds maintain a net short position across the board and yesterday sold 10K corn contracts, which takes them to a 150K short. Crude oil is lower again today breaking back below $60/barrel as geopolitical tensions calm and Saudi Arabia assures that supplies can come back online. In terms of other outside influences, a Reuters story runs this morning that Trump suggested a China deal could be finalized before the election next year, or possibly after voters go to the polls. Not much of a reaction from beans, as they become more immune to trade talk. Even the Dow is not reacting to this story, dow...
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.