THE OPEN May beans: 8 higher May meal: .40 higher May soyoil: 59 higher May corn: 4 higher May wheat: 7 lower The markets opened as called with new highs in soyoil and weaker trade in wheat. The dominant theme was once again higher oilshare, as all other markets which had started out firm found little energy to remain supported. May soyoil trades to the highest level since 2012. Wheat futures declined against corn and beans, with the Egyptian tender awarded elsewhere. DELIVERIES Beans: 3 EDF Man puts out 3 and stopped by ADM Meal: 143 Stonex stopped 143, put out by JP Morgan (56), and ADM (87) March futures expire tomorrow at noo...
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.