GOOD MORNING, The markets turned around yesterday after ratcheting the trading range lower again on rain and expectations for a bearish June 30 Acreage/Stocks report. Technically speaking, the reversal from the lows was a mild rejection of lower values. Fund selling has taken most of the weather premium out of the market. Opening and closing unchanged in corn was a significant win for the bull, leaving the new corn bear to have to defend. Values started the night on the firm side for grains, but a better performance is in soybeans and soyoil. Oilshare is higher again as soyoil prices jump over 100 pts while meal re-tests its recent lows. Meal prices fell off the charts to new lows, trying to compet...
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.