THE OPEN November beans: 4 higher December meal: 1.90 lower December soyoil: 37 higher December corn: steady September wheat: 7 3/4 lower Prices opened mixed with traders continuing to buy soyoil/sell meal, and buy corn/sell wheat. Beans were higher supported by stronger soyoil values. Soyoil continued to see support from higher crude, palm, and canola prices. Wheat futures traded At 10:00 export inspections were as follows: beans: 551,543 mt vs. 504,645 mt (vs. an expected 375-700,000 mt) corn: 716,127 mt vs. 840,796 mt (vs. an expected 700-1.15 mt) wheat: 500,110 mt vs. 544,010 mt (vs. an expected 450-675,000 mt) Inspections were neutral to bearish f...
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.