SPREADS May crush continues to weaken trading down to 62.64c/bu while oilshare strengthens again to 37.26%. July/Nov beans trades higher from 1.66 3/4c to 1.73c, while May/July inverse strengthens to 16c from 14c. July/Dec inverse trades from $40.40 down to $38.60. Jul/Dec corn trades from 52 1/4c up to 56 1/2c while May/July trades from 13c down to 11 1/4c. July wheat /corn trades 1.2 2 1/4c to 1.25 1/4c. March/May corn trades into new inverse highs at 17c as it heads into expiration in a week or so. PALM OIL May palm closed up 37 ringgits to 3.679 ringgit/mt. NEWS Stocks were higher earlier in the morning but are now up 29 pts. Crude oil trades to lows at $59.24/barrel. CAL...
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.