SPREADS Jan oilshare trades to 32.42% while crush trades down to 99.40c/bu. Jan/March beans trades from 1/2c to 1c carry, while Dec/March meal trades up to $4.00 from $3.70. Dec/March corn narrows into 7 1/4c from 9c, while Dec/March wheat trades from 9 3/4c into 7 1/4c. March wheat /corn trades from 1.73c down to 1.66c. Dec /Dec corn inverse trades up to 15 1/2c from 10 3/4c. For the most part, nearby bean bull spreads are firm despite weaker flat price. PALM OIL Feb. down 27 ringgits. Cash offers were down $2.50/mt. SGS forecast Malaysian Palm oil exports for Nov at 1.390 mmt, do2n 19% from Oct. at 1.714 mmt. NEWS Stocks are down 130 pts. while the US dollar trades dow...
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.