GOOD MORNING, Prices are still attempting to flesh out trading range lows, with technical reversal signals kicking off the liquidation. Funds are lightening up on length selling another 5K of wheat, 7K beans, 1000 meal, 4K soyoil, and 15K corn yesterday. Today would be day 3 of fund selling, and if short would probably look to find some technical stabilization at the lows of today. The absence of business announcements continues to find beans struggling, as China's deteriorating crush margins create a wait-and-see attitude. Better rains are crossing SA as well. In political news for the US, Biden said he would not drop Phase 1 China tariffs immediately. In global news, a worker strike in Arg...
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.