SPREADS August crush trades to 96c/bu while oilshare trades t. 443.39%. July oilshare trades to 45.67%. July/Nov beans traded from 1.90 3/4c to 1.95c. July/Dec meal inverse trades down to $14.30 from $15.90. July/Dec corn inverse firm to 1.19 3/4c from 1.14c, while Sep/Dec inverse traded from 30 1/4c to 28c. July wheat/corn trades from 48 1/2c to 41 1/4c. PALM OIL August up 123 ringgit/mt or 2.31% to 4,455 ringgits. Malaysian futures rebounded as estimates of lower April production fueled concerns over edible tight supply. NEWS Stocks are up 53 pts as crude oil trades to $67.01/barrel as more countries reopen and rebound from the pandemic. The US dollar slides to new lows of 89.75...
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.