GOOD MORNING, Prices are lower across the board on more fund selling as weather moving forward continues to favor a good pace of harvest. Outside markets are lower, so there seems to be a macro-influence here along with harvest pressure. Crude oil prices are lower as world stock markets trade down. The US dollar trades to new monthly highs as it is seen as the safe haven, which is also price negative for Ags this AM. Concerns over China's property developer Evergrande's solvency spooked equity markets even as traders brace for more tapering comments from the Fed. World vegoils are trading weaker together with crude, palm, and canola prices lower. December soyoil trades downward taking beans with it. Egy...
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.