THE OPEN March beans: 3 higher March meal: .10 lower March soyoil: 21 higher March corn: 1 1/4 lower March wheat: 3 1/4 lower The markets opened as called with prices having a mixed reaction to the news that China would cut some of its tariffs. While other markets were sharply higher such as livestock contracts, the soy complex took the news in stride with negative technicals and a lack of Chinese purchases this morning in the export sales numbers outweighing other factors. As to the Feb. 11 WASDE next week, USDA economist Johansson said the monthly USDA crop report will not include details about the first phase of the China/US trade deal. In general, US ending stock adverti...
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.