THE OPEN Jan beans: 11 lower Jan meal: 2.30 lower Jan soyoil: 60 lower March corn: 2 lower March wheat: 6 3/4 lower The market opened into weakness with more negative technical signals arising that led to a better round of long liquidation. Beans traded weaker than corn, as there have not been any signs of Chinese business. Rumors of cancellations are old news, but negative in terms of bean psychology. Macro markets leaned negative as well, with equities turning sharply lower and the US dollar trading to 2 ½-year lows. At 10:00 export inspections were released as follows: corn: 890,033 mt vs. 832,882 mt week ago (vs. an expected 850,000 mt) beans: 2,036,...
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.