THE OPEN Nov beans: 1 1/2 higher Dec meal: .40 higher Dec soyoil: 3 lower Dec corn: 2 1/2 higher Dec wheat: 6 1/4 higher The markets started the day as expected but recent buy soy/sell grain trade started to unwind, which broke the soy complex lower. Once again the euphoria surrounding a positive trade talk headline has impacted the equities space, and not ag commodities. Funds continue to trade in and out of short positions, with the best bid still in wheat, and corn attempting to follow. SOY While the last part of this week has been about buying soy and selling grains, today's price action flipped the switch with traders liquidating some of those...
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.