GOOD MORNING, Prices are higher across the board except for wheat. Bullish trends remain intact with corn and bean prices continuing to find support on Chinese business with talk that they are asking for Feb. bean prices. AgResource projects that Chinese bean imports on the year will be a record 110 mmt, vs. USDA at 100 mmt, with some private analysts estimates at 103-105 mmt. There were also rumors this week that China purchased ethanol as well. Asian markets are higher this morning, with continued good crush margins. Corn futures prices in Brazilian Reals hit a fresh record high, supported by the weak currency and rallying US prices. Canola prices climb to new contract highs supporting a strong s...
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.