SPREADS July crush firms back to 58c/bu while crush trades to 38.10%. July /Nov beans inverse trades from 1.70 1/4c up to 1.75 1/2c, while May/July congests from 8 1/2c to 10c. July/Dec corn trades from 70 1/4c inverse to 67 1/2c, while May/July firms to 17 1/4c from 16c. July /Dec meal trades from $28.70 inverse to $27.20. May wheat/corn trades from 61 1/4c to 65c. PALM OIL June crude trades 44 ringgits higher ending at 3,616. Intertek forecast palm oil exports in March at 1.270 mln up, up 26% from 1.001 mmt in Feb. NEWS Stocks are 16 pts lower with crude oil mixed trading at $60.10/barrel. The US dollar falls to 93.09. The ADP reported the total number of jobs revised...
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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.