THE OPEN March beans: 2 lower March meal: .90 higher March soyoil: 39 lower March corn: 5 14 lower March wheat: 4 3/4 lower The markets opened on the defensive with oilshare continuing to trade lower and beans on the defensive. Fund selling emerged quickly for beans, with more profit-taking in wheat on its corrective pullback. Buy corn/sell bean trade continued, as prices in corn continued to hold on breaks. The coronavirus continues to keep markets on edge, particularly equities. Chinese media noted that 902 cases have been confirmed, and 26 deaths are attributed to the virus. The virus has been found in 29 out of 31 provinces. In other announcements, Rabobank...
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.