THE OPEN July beans: 6 3/4 higher July meal: 1.70 higher July soyoil: 11 higher July corn: 2 3/4 higher July wheat: 1 1/4 higher The markets opened in line with trade expectations, with oilshare leaking lower and beans printing new highs for the move up. Meal prices were steady but confined to recent ranges. Grains turned two-sided into the early part of the session, with funds returning as net sellers at the open. Buy beans/sell corn trade emerged at the open, with pullbacks in the bean market holding nicely. End -users remain patient as the main trends are still lower, and prices for the most part remain at the lower end of ranges. Frost concerns are now in the rear...
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.