THE OPEN November beans: 3 lower December meal: 1.30 lower December soyoil: 25 higher December corn: 2 lower December wheat: 3 lower The markets were called to open higher but funds came out as sellers. Funds continue to adjust positions heading into the October 12 WASDE report. Technicals broadens the range to the downside for corn as funds are seeming to liquidate current length. Today is day 2 of the Goldman roll, which is pressuring bean spreads. World that an agreement had been reached to extend the government's borrowing authority into December sent stocks higher with a quick recovery in crude, which underpinned soyoil pieces and oilshare. SOY The soy complex was called higher b...
What You Need to Know Today: President Trump suspended the planned attacks on Iran and announced that the pieces for a framework for peace were in place in a weekend social media post. Iran, however, later said no efforts were underway to conduct negotiations with the U.S., though Oman indicat...
Key Takeaways: E15 expansion would support corn and ethanol demand by increasing domestic biofuel consumption and reducing reliance on petroleum-based fuels. Year-round E15 has gained bipartisan momentum, but the policy remains in legislative limbo as lawmakers continue to negotiate provisions...
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.