THE OPEN November beans: 3/4 higher December meal: .70 lower December soyoil: 1 higher December corn: 1 lower December wheat: 6 lower Prices opened the day on a mixed note, turned weaker to post new lows for the move down, and found some short-covering and bottom-picking as prices took out short-term support. Cooler temperatures will continue to slow maturation as crops head to the finish line. More cool weather will move into the Midwest next week, which prompted a bit of a rally in order to dial in more weather premium. However, the choppiness at the lower end of today's trade signaled potential bottoming price action, more than not, as end of week profits were booked. Fro...
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.