GOOD MORNING, Bull market price action continues as funds purchase the market based on technical strength. Most of the markets except for soyoil continue to post new or ctr highs. Beans continue to trend higher with rumors and confirmation of further Chinese business. Tuesday Chinese demand revolved around Jan and Feb shipments. US markets continue to follow higher Chinese Dalian Exchange prices for corn, and rising Black Sea premiums for wheat. Bean and corn basis levels remain firm. The US farmer is somewhat engaged but upper targets are still pending. Brazilian farmers are good sellers due to the weaker Brazilian Real, with forward sales now estimated at 55%, which is much higher than in...
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.