THE OPEN Nov beans: 8 higher Dec meal: steady Dec soyoil: 70 pts higher Dec corn: 1 higher Dec wheat: 4 higher The markets opened as expected with the major feature being that of spread activity. Traders bought oilshare, (bot soyoil/sold meal), as it was perceived to be overdone from last Friday's break. Traders also bought wheat/sold corn, as seasonally corn tends to be weaker this time of the year. Beans split the middle between weaker meal vs. higher soyoil futures. At 10:00 export inspections were released as follows: corn: 724,784 mt vs. 781,528 mt week ago beans: 214,061 mt vs. 277,686 mt week ago wheat: 657,854 mt vs. 560,640 mt week ago Inspections we...
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.