SPREADS July crush margins continue to fall, now trading below 1.00c/bu to 98.48c/bu. July oilshare firms to 31.36%. July/Dec corn strengthens from its lows of 15c to 14 1/2c, while May/July trading from 5 1/2c from 6c. July/Nov bean spread trades out to 4 1/2c carry from 3 1/4c, and values that were at an inverse last week. May/July beans trades out to 6 1/4c from 5 1/2c. July/Dec meal widens out to a $3.40 carry from $2.60. May wheat/corn sees a correction, trading down to 2.19c from 2.24 3/4c. PALM OIL June up 65 ringgits. Ahead of this week's Malaysian Palm Oil Board data release, analysts are forecasting March ending stocks at 1.65 mmt, down 1.9% from Feb., and if realized would...
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.