THE OPEN July beans: 3 higher July meal: .50 higher July osyoil: 15 higher July corn: 1 1/4 higher July wheat: 3 1/2 higher The markets opened in line with trade expectations. Short-covering was noted in grains, particularly in wheat, while the soy complex worked higher led by soyoil. Beans were firmer as they drew light support from soyoil and end-of - week short-covering. Higher energy prices helped corn and soyoil prices to firm from the open. At 11:00 NOPA crush was released as follows: NOPA April 2020 US bean crush: 171.754 mln bu vs. expected 170.5 mln bu NOPA April 2020 US Soyoil stocks: 2.111 bln lbs vs. expected 2.08 bln lbs Meal exports: ...
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.