GOOD MORNING, Prices are mostly lower this morning after better than expected crop ratings were released. Wheat prices broke lower yesterday as this market enters into its extreme technical playbook. World values continue higher, though the Euro is fluctuating bringing with it some weaker values for Matif wheat, with the US as a follower. Traders are still looking for the rumored sale of SRW to China, but it is still lacking. Wheat opens higher, and seems to have a point of stabilization. Dec corn is lower, pushing through some recent trendline support at $3.33. One trip lower is usually good to hold, but repeated returns to support eventually erodes it. Higher ratings improve the chance for a tren...
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.