SPREADS May crush trades up to 1.05c/bu while oilshare trades higher, back towards 35% at 34.91%. July/Dec corn trades from 1/4c to 1 1/4c carry, with March/May at 5 to 5 1/2c. March wheat/corn trades down to 1.78c from 1.83c. March/May meal trades from $4.20 to $4.40. July/Nov beans narrows into 7 1/4c from 8 1/2c. March/May wheat trades from 1 1/2c inverse down to 1/4c. PALM OIL April palm oil traded 153 pts higher, ending at 2,728 ringgit/me. SGS estimated palm oil exports for the Jan 1-25 period at 1.015 mmt, down 4.8% from 1.066 mmt in Dec. 1-25. Indonesia will tax crude palm oil exports from Feb. for the first time in nearly 3 yrs, as reported by its trade ministry. Indonesia an...
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.