SPREADS Spreads are firmer with all deliveries gone. May/July corn trades into 2 1/2c from 3c, bringing some strength to July/Dec which trades into 16c from 17 1/4c. May/July wheat trades at a 7 1/4c inverse. July/Dec meal trades from $5.30 to $5.90. July/Nov beans trades from 5c to 6 3/4c. July wheat / corn trades from 2.09 3/4c to 2.05c. July crush trades to 84.98c/bu, while oilshare firms to 31.13% on higher crude oil prices. PALM OIL Closed for public holiday NEWS The stock market climbed over 300 pts higher with crude prices trading to $26.74/barrel as more places open up for business. The US dollar is firmer trading up to 100.28. CALLS Calls today are as follows: beans: 4-6...
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.