THE OPEN November beans: 1 higher December meal: .20 higher December soyoil: 15 higher December corn: 1 lower December wheat: steady Prices opened as expected with corn weaker vs. soy. Traders continue to monitor progress for the Gulf, as exports attempt to get up and loading on a normal schedule. News sources report that over 80% of large companies now have power, and some barges were noted loading. At 10:00 export inspections were as follows: beans: 68,059 mt vs. 386,839 mt week ago (vs. an expected 50-250 kmt) wheat: 381,551 mt vs. 370,461 mt week ago (vs. an expected 150-525 kmt) corn: 275,799 mt vs. 583,498 mt week ago (vs. an expected 125-550 kmt) Inspe...
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.