GOOD MORNING, Funds were sellers yesterday, figuring the market has met some key upside objectives, but the markets are not giving back much this morning. All have traded both sides of unchanged. Export sales and ethanol still remain negative for corn, but the tighter stocks number Monday negated some of that bearishness. Still, funds probably hold an estimated 100K short in corn. Beans are mixed but meetings between China/US are to take place this month on the 10th, same day as the USDA October report, creating more unknowns for a bean bear. Beans stocks are ample, but the trend has seen tightening. Wheat prices move around following the path of Minneapolis, which fell to new lows yesterday with a long drop of 30c off its highs. As to Chi...
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.