SPREADS Sep. crush trades to 75.80c/bu while oilshare trades to 34.23%. August/Nov beans trades to a new high inverse of 5c before closing at 3 3/4c, with a 3c low. Sep/Nov beans trades to 1 1/2c carry from 2c. Sep/Dec corn narrows back into 7 3/4c from 8c carry. Sep/Dec wheat trades into 5 1/2c from 6c. Sep wheat/corn trades from 2.02 1/2c up to 2.07 3/4c. PALM OIL Up 14 ringgits on lower forecast production in July. NEWS Stocks are slightly lower, down 45 pts. Crude oil trades down to $41.14/barrel, with gold prices surging to $1858.10/oz. The US dollar falls to new lows at 94.82. CALLS Calls today are as follows: beans: 1-2 lower meal: .30-.50 higher soyoil: 10-1...
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.