SPREADS July crush trades down to 86c/bu while oilshare dips back below 31.0% to 31.71%. July/Dec corn trades weaker from 12 1/2c to 13 1/2c. July/Nov bean spread trades firmer from even to 2 1/2c carry. July/Dec meal firms to $2.10 from $3.00. July wheat /corn trades from 2.22c down to 2.17 1/4c. PALM OIL July down 32 ringgits with cash offers for RBD palm oil and olein unchanged at $530.00/mt and $532.50/mt, respectively. The lower price in palm was the biggest weekly drop in eight trading sessions, tracking declines on China's Dalian Exchange. NEWS Stocks begin the day in the green, up 200 pts, as crude oil prices continue to strengthen, trading up to $17.95/barrel for the...
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.