The CBOT opened weaker overnight with funds taking profits following a moderately bearish WASDE yesterday and a key reversal in corn futures. That selling accelerated during the day session with little news to offer support and China and Southeast Asia heading into the Lunar New Years holiday. Funds are thought to have sold 30,000 contracts of corn, 20,000 contracts of soybeans, and 12,000 contracts of wheat. Malaysian palm oil inventories rose to 1.32 MMT at the end of January, up 4.7 percent from the prior year. The stocks build-up came despite a slowdown in production and was due to a 14-year low export pace in January. Despite the news, April palm oil futures rose 1.6 percent overnight and are heading towards an open chart gap at...
The magpie goose (Anseranas semipalmata) is the sole living representative species of the family Anseranatidae. This waterbird is found in northern Australia and southern New Guinea.[2] The species is not truly migratory but it sometimes travels large distances to find food and water, especiall...
The common ostrich (Struthio camelus), or simply ostrich, is a species of flightless bird native to certain areas of Africa (and historically, Arabia) and is the largest living species of bird. The common ostrich is one of two extant species of ostriches, the only living members of the genus St...
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A pika (/ˈpaɪkə, ˈpiːkə/ PY-kə, PEE-kə[3][4]) is a small, mountain-dwelling mammal native to Asia and North America. With short limbs, a very round body, an even coat of fur, and no external tail, they resemble their close relative the rabbit, but with short, rounded ears.[5] The large-eared pi...
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.