SPREADS July crush trades to 73c/bu while oilshare trades higher to 43.61%. July/Nov bean inverse bounces to 2.00c with a low of 1.84c. July/Dec meal trades from $22.50 down to $18.00. July/Dec corn trades from 1.18 3/4c down to 1.09c. July wheat /corn trades from 30c to 40c. PALM OIL Holiday NEWS Stocks are higher up 140 pts with crude oil trading up to $64.75/barrel, and the US dollar weaker at 90.38. CALLS Calls are as follows: beans: 13-15 higher meal: 6.40-$6.80 higher soyoil: 40-50 higher corn: 7-8 higher wheat: 19-20 higher canola: .70-1.00 higher BUSINESS USDA reports 1,360,000 mt of corn sold to China for 21/22 TECHNICALS July...
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.