THE OPEN Nov. beans: 8 higher Dec meal: steady Dec soyoil: 4 higher Dec corn: 2 1/2 higher Dec wheat: 4 higher Prices opened as expected with a bit of profit-taking to start the day. Traders digested the report which leaves them still waiting to hear more chatter about the crop in front of 1. the Pro Farmer crop tour and 2. the fact that harvest is ahead of us. Intermarket spreading was a key feature, with more buying of oilshare early on and buy bean/sell corn. At 10:00 export inspections were as follows: beans: 277,637 mt vs. 114,718 mt week ago wheat: 440,567 mt vs. 653,965 mt week ago corn: 754,929 mt vs. 744,934 mt week ago'' Inspections were neutral f...
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.