SPREADS July crush trades 63.41c/bu while oilshare trades at 39.80%. Feature this AM is May/July corn spread, which inverts to 12 1/2c to 13 3/4, meeting highs set back in early March. May/July wheat inverse trades up to 10 3/4c from 9 1/2c. May wheat/corn trades from 94 1/2c down to 86 1/4c. July/Dec trades up to 67 3/4c from 63 1/2c. July/Nov bean inverse trades from 1.66 1/4c to 1.69 1/4c while May/July congests from 10 1/4c to 9 1/4c. July/Dec meal trades from $31.90 down to $30.50. PALM OIL May up 38 ringgits, ending at 3,935 ringgit/mt. Indonesia Palm Oil Assoc. showed on Wed. that Jan 2021 exports were 2.86 mmt, up 19% vs. year ago, but down 18% from Dec. shipments. Jan's crude oil p...
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.