THE OPEN January beans: 3 lower December meal: 3.80 lower December soyoil: 46 higher December corn: 3 1/2 lower December wheat: 10 1/2 lower Prices opened mixed with soyoil correcting further against meal, while a few sell-stops were triggered on the open which took prices into pricing ideas. Wheat prices found sell-stops on better rainfall in the plains and the Black Sea, with some technical points violated. Export inspections were released at 10:00 as follows: Beans: 2,664,352 mt vs. 2,317,798 mt week ago Corn: 636,290 mt vs. 911,648 mt week ago Wheat: 363,806 mt vs. 241,283 mt week ago Export inspections were good for beans, with 2.02 mmt inspected for exp...
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.