THE OPEN November beans: 4 higher December meal: .10 lower December soyoil: 2 higher December corn: 1 1/2 higher December wheat: 6 3/4 lower The markets opened as called with wheat prices continuing to trend lower. Since surprises offer the most bang for the buck, the unexpected deliveries for wheat triggered net selling in that market which in turn weighed on corn. The soy complex feature was that of higher oilshare. Buy bean and corn/sell wheat trade was prevalent for much of the day. Beans remained supported in the early going on the back of continuing positive rhetoric, with China's Foreign Ministry saying that both negotiating teams are maintaining "effective comm...
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.