GOOD MORNING, The markets were mixed overnight, with the exception of soyoil futures which once again traded to new contract highs. Oilshare remains an aggressive bull market on strength in global veg oils for food and for biodiesel demand. Meal consolidates at the bottom of its trading range, while beans are in the middle. The report that is important today will the Feb. NOPA crush, with advertised estimates at 168.6 mln bu vs. the prev. month at 184.65 mln bu., and vs. 166.29 mln bu year ago. Soyoil ending stocks are forecast at 1.839 lbn lbs, vs. 1.799 bln end of Jan, and vs. 1.922 bln lbs year ago. The report will be released at 11:00 central time. The market was relatively subdued in the PM 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.