GOOD MORNING, Good weather continues to show us the bottom of recent trading ranges while fresh demand keeps prices on the up and up. China continues to buy hard breaks in the bean market in an effort to fulfill its Phase One deal commitment by end of the year. It also helps that US beans are a good value right now. This week there was talk that China was purchasing additional bean cargoes from both the PNW as well the Gulf for the fall. Other major trends include firmer oilshare as palm oil charts race to the upside, while NOPA crush oil stocks tightened. World vegoil values are also supported by a recovery in biodiesel demand. Wheat, corn, and beans remained su...
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.