THE OPEN Jan beans: 4 1/4 higher Dec meal: 1.80 higher Dec soyoil: 20 higher Dec corn: 3 higher Dec wheat: 2 3/4 lower The markets opened as expected with oilshare values trending higher while wheat futures broke lower. Trade eventually turned higher across the board as fund buying continues with charts very solidly pointing to further upside. Rumors of Chinese business for both corn and beans promoted outright buying activity on the lows. The outside markets lent a hand in stabilizing prices after the open after a brief round of profit-taking was noted. At 10:00 export inspections are as follows: beans: 2,239,965 mt vs. 2,851,514 mt week ago (vs. an expected 1,950,00...
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.