SPREADS July crush trades to 61.87c/bu while oilshare values trades higher to 40.24%. Bean spreads are firmer with July/Nov trading up to 1.63 3/4c from 1.58 1/4c. Meal spreads weaken with the inverse trading from $17.00 down to $15.30. July/Dec corn inverse trades up to 68c from 63 3/4c. July wheat/corn trades from 66c up to 76c. PALM OIL June palm closes up 87 ringgits higher. NEWS Stocks are 45 pts lower with crude oil prices trading down to $60.93/barrel. CALLS Calls are as follows: beans: mixed-down 3 meal: 2.20 - 3.00 lower soyoil: 25-30 higher corn: steady/firm wheat: 2-4 higher canola: 3.00- 3.50 higher BUSINESS No business reported...
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.
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