SPREADS May crush trades to 59c/bu while oilshare trades below 34.0% to 33.91%. Corn inverses remain strong with March/May trading up to 14 1/4c, new contract highs, from 11 1/2c. July/Dec corn inverts to 94 1/2c. March/May wheat trades from 1c inverse to 1/4c, ending on the weaker side. March wheat/corn trades from 1.08c from 1.171/4c. March/May beans trades from 4c to 3c inverse, while July/Nov trades from 2.09 1/2c down to 1.98 1/2c. July/Dec meal trades from $62.00 to $59.20 inverse. PALM OIL AmSpec Malaysia forecast their estimates for Jan exports at 1.089 mmt, down 36% from 1.709 in December. NEWS Stocks are 200 pts higher with crude oil at $52.81/barrel. The US do...
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.