GOOD MORNING, Prices were lower overnight as a combination of good weather and poor technical closes created more fund long liquidation. The trend continues into this week. Funds are now putting on more defensive positions as prices continue to ratchet lower. Charts are beginning to form large tops, which if verified would have to be monitored for a downside break -out. If it does not make sense fundamentally, the drop in prices should begin to slow with prices retracing higher. Weighing on prices is China, which has policy intentions to lower the price of commodities. China's hog prices are lower, as was noted by the drop in futures last week, with chatter in the industry that producers may have...
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.