THE OPEN July beans: 6 higher July meal: 1.10 higher July soyoil: 37 higher July corn: 2 1/4 higher July wheat: 1 1/2 lower The markets worked higher on short-covering in corn, while follow-through strength was noted for beans on rumors that a few more cargoes of beans were sold. Outsides spilled over into Ags as well, with a weaker US dollar and firmer energies trade. Currencies were a factor, particularly for beans, with a big rally in SA currencies, particularly the Brazilian Real. Smaller trends included buy beans/sell wheat and buy soyoil/sell meal. At 10:00 export inspections were as such: beans: 333,127 mt vs. 356,078 mt week ago wheat: 457,777 mt vs. 491,776...
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.