THE OPEN November beans: 11 1/2 higher December meal: 3.20 higher December soyoil: 50 higher December corn: 3 3/4 higher December wheat: 9 higher The markets opened higher as called but end of month brought with it some profit-taking. Overbought extremes also prompted more profit-taking. Corn was supported on pullbacks as end-users have moved up pricing ideas in lieu of stronger price action. Deliveries were light for everything, and it is surprising that there were no soyoil deliveries made. At 10:00 export inspections were released as follows: beans: 804,591 mt vs. 1,223,251 mt week ago corn: 402,216 mt vs. 892,031 mt week ago wheat: 516,13...
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.