SPREADS Sep. crush trades to 1.25c/bu while oilshare trades to 47.40%. Corn spreads are weaker with Sep/Dec now trading into new lows at 3/4c carry from 2c inverse. Dec/March corn weakens to 8c from 7 1/2c. Sep/Dec wheat trades out to 9 1/2c from 9c. Dec wheat/corn trades from 1.72c to 1.83c. August/Nov bean inverse trades from 65 1/2c to 67 1/2c, while Sep/Dec meal trades from $2.40 out to $2.90. PALM OIL October palm down 252 ringgits/mt at 4,117 ringgit/mt. Egypt tendered for 30,000 mt of soyoil, and 10,000 mt of sunflower soyoil for delivery for the Oct 1-20 period. SGS estimated palm exports at 1.448 mmt. for July, down 6% from June. NEWS Stocks are up 100 pts with...
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.