THE OPEN May beans: 22 higher May meal: 4.40 higher May soyoil: 72 higher May corn: 4 higher May wheat: 3 1/2 lower The markets opened as called with the soy complex quickly tacking on gains with sharply higher trade. New money flows and technical buying activity was noted for beans and soyoil, with November beans and Dec corn once again trading to new contract highs. Technical buying activity was noted for spreads as well, which were also firmer out of the gate. Harvest remains slow in Brazil, with stories of quality issues. According to a survey conducted by Brazil's Safras & Mercado, the schedule of bean export shipments was an estimated 6.45 mmt in Feb., vs. 6...
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.