THE OPEN Nov beans: 32 lower Dec meal: 5.50 lower Dec soyoil: 140 pts lower Dec corn: 21 1/2 lower Dec wheat: 14 1/2 lower Prices opened on a weaker note with more profit-taking in oilshare which put a floor under meal to start the day. However, on a push into mid-session soyoil prices rallied sharply from their lows pushing oilshare up and meal prices down. Bull-spreads strengthened as well on the announcement of new business vs. the more beneficial growing season given weekend rains. Early sellers at the open were caught by the market's strength into midday, which created more short-covering and further strength. At 10:00 export inspections were released as follows: beans: 175,359 mt...
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.