THE OPEN November beans: 1 higher December meal; 2.30 higher December soyoil: 32 lower December corn: 3/4 higher September wheat: 6 3/4 lower The markets opened as expected with the grains generally weaker vs. higher beans and meal. Good weather was the main feature weighing on corn and beans. Wheat futures became the sell-leg of inter-market spreads. Oilshare was lower as traders bought meal/sold soyoil. At 10:00 export inspections were released as follows: beans: 472,680 mt vs. 454,19 mt week ago corn: 797,487 mt vs. 1,175,910 mt week ago wheat: 544,010 mt vs. 512,305 mt week ago Export inspections for both corn and beans came in lower than trade expectations, ad...
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.