SPREADS May soyoil trades to new highs at 39.0% while crush firms back to 63.55c/bu. Bean spreads lack enthusiasm on quiet export activity with July/Nov inverse trading down to 1.64 1/2c from 1.70 1/2c. May/July beans trades from 15 1/4c inverse to 16 3/4. Jly /Dec corn inverse trades from 55 1/2c to 54c, while May/July firms to 11 1/4c from 10 1/2c. July wheat/corn trades from 1.11 1/2c to 1.08 1/2c. PALM OIL May closed up 40 ringgits to 3,918. Ahead of the monthly Malaysian Palm Oil Board data, the advertised estimate is for Feb. production at around 1.192 mmt, with ending stocks at 1.417 mmt. Feb exports were forecast at 952,000 mt. Data will be released tomorrow. NEWS Stoc...
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.