THE OPEN Nov beans: 6 3/4 higher Dec meal: 2.60 higher Dec soyoil: 14 higher Dec corn: 4 1/4 higher Dec wheat: 7 3/4 higher Prices opened as called with more fund buying activity for grains and for soy. The Chinese Ministry of Commerce confirmed both sides were working on completing phase one of an agreement, and would continue to purchase more Ag products as agreed last week in Washington. The White House clarified issues further stating that technology would be addressed in phase two. The formation of an agreement could be signed at the APEC summit in mid-November in Chile. Charts were turning more positive from sideways, boosting short-covering amid new buying activity.&nb...
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.