A stronger wheat market helped corn as did more talk that farmers are looking for ways to reduce corn costs because of low prices. Soybean and meal contracts did work progressively higher throughout the day. General Comments The markets all opened steady to higher Sunday evening after last week's weakness. Wheat was the leader, followed by corn and the soy complex. However, this was not decisive price action because wheat had a modest setback at the close of the trading day. Also, while corn closed positive, it spent the entire day trading below the high prices that were established early in the morning. Soybean and meal contracts did work progressively higher throughout the day. However, that price action occurred as soyoil traded lower,...
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.