SPREADS October crush pops up to 84.27c/bu while oilshare trades firmer to 35.66%. Dec/March corn trades into 10 3/4c from 11c, while Dec/Dec trades from 24c to 25 1/4c. Dec/March wheat trades from 7-8c. Dec wheat/corn trades from 1.95c down to 1.91c. Dec/March meal trades into $1.40 from $1.90. PALM OIL Nov up 59 ringgits. NEWS The stock market is up 121 pts with the US dollar falling to new lows at $92.19. Energy prices are slightly weaker trading down to $42.75/barrel. CALLS Calls today are as follows: beans: 4-6 higher meal: 2.20-2.60 higher soyoil: 3-5 lower corn: 1/2 lower wheat: 1 lower canola: 1.10-1.50 lower BUSINESS USDA reports 324,...
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.