GOOD MORNING, Prices started the night on a steady note but this morning will open lower. Sharply lower soyoil futures are pressuring beans, and prices will begin on key support points. The theme now seems to be liquidation for the day into the weekend, as the report is digested from yesterday along with current weather. China lowered its 20/21 corn estimates in feedstock on the back of more alternative use of grains. China's 202/1 corn consumption in feed was seen at 182 mmt, down 3 mmt from the prev. month, according to a statement published on the website of the Ministry of Agriculture and Rural Affairs. The gist of the USDA report was that of a slightly friendly tilt to corn, neutral to perhaps a b...
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.