SPREADS Sep. crush continues to slide down to 1.03c/bu with oilshare at 46.70%. Spread trade of note is the Dec wheat/corn, which trades over recent highs of 1.89c to new highs of 2.06 1/4c. Sep/Dec corn trades to 5 3/4c carry from an inverse, while Dec/March is in the same range of note from 7 1/4c to 7 1/2c. Sep/Nov bean inverse trades from 8c to 6 1/2c. Sep/Dec meal trades from $2.80 to $2.90. PALM OIL Oct. down 42 ringgits closing at 4,405 ringgit/mt. NEWS The stock market is down 180 pts with crude oil prices firmer at $67.66/barrel and the US dollar at 92.70. The Fed will convene and will have to make a decision about whether to taper considering the newest virus cases. CALLS Call...
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.