GOOD MORNING, Prices are mixed featuring higher soy and corn, lower wheat. Could it be a foreshadowing of themes to come for the day? The June WASDE will be released at 11:00 central time, and after we take a look at the numbers we will be back to watching the weather and preparing for the more dominant June 30 Stocks/Acreage report. Traders are looking for more friendly corn numbers, and neutral wheat/beans. Talk of higher 20/21 corn demand offers good support, and feed demand remains firm. Beans chop sideways with more liquidation ahead of the report, and lower basis levels and index fund rolls adding weight to prices. Soyoil prices recovered per usual after breaking back in the July contr...
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.