THE OPEN Jan. beans: 3/4 lower Dec. meal: .10 lower Dec. soyoil: 18 lower Dec corn: 1 3/4 higher Dec wheat: 2 higher Prices begin the day higher with beans placing new contract highs along with corn. Soyoil prices attempt to follow the other markets but find more selling pressure. Weaker outside markets cast a shadow over prices in general, with crude oil trading lower. Goldman Sachs is bullish commodity prices seeing a pull over the next few years from China, and a move towards inflation. Crude oil, however, remains weak and is normally a barometer of where commodity prices are headed. With the appearance of further covid-cases, the specter of inflation seems far away. ...
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.