THE OPEN Jan beans: 2 lower Dec meal: .80 higher Dec soyoil: 20 lower Dec corn: 1/4 lower Dec wheat: 1 higher The markets opened as expected with profit-taking in beans and soyoil futures to start the day. Funds were net sellers of corn, triggering small stops in wheat. Buy wheat/sell corn and bean trade, and buy grains/sell soy became the feature spreads of the day. Price action was again choppy with little follow-through on either side of current trading ranges. A news report that there was a scheduled phone call between US Trade Rep. Robert Lighthizer, Treas. Sec. Steve Mnuchin, and Chinese representatives in a further attempt to hammer out a phase one agreement got...
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.