THE OPEN July beans: 35 lower July meal: 2.30 lower July soyoil: 359 pts lower July corn: 19 lower July wheat: 8 3/4 lower Prices opened under pressure and into short-covering initially, but as the morning wore on funds were noted as sellers of strength, which finally led to a complete wash-out as lines of technical support were broken and that triggered further selling. Rains in Iowa and the potential of heavy rains courtesy of the GFS model accelerated the downside as a cold front moves out of Canada, triggering storms. Would also note plenty of unwinding of spread trade across the board, as this seemed to turn into a macro day of liquidation, including unwinding of previous buy energ...
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.