SPREADS May crush trades to 83c/bu while oilshare trades at 40.10%. July crush trades 73c while oilshare trades to 39.49%. Nearby corn spreads are firmer, with May/July at 11 1/2c inverse to 13 1/4c, while July/Dec trades from 59 3/4c up to 65 3/4c. July/Nov bean inverse trades from 1.66 3/4c to 1.68 1/2c, while May/July trades from 9 3/4c to 10 1/4c. July/Dec meal trades from $35.80 inverse down to $34.70. May wheat/corn trades from 93 1/2c down to 85 3/4c. PALM OIL May palm oil down 120 ringgits, closing at 3,900 ringgit/mt. Cash offers down $15.00/mt. NEWS Stocks are down 30 pts with the feature of the morning that of weaker crude which trades to $63.97/barrel. The US dollar trades down to $...
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.