SPREADS July crush trades to 84.79c/bu while oilshare is higher trading up to 31.11%. May/July corn narrows into 8 3/4c from 9 1/2c, while July /Dec trades at recent lows from 17 3/4c to 18 1/4c. July/Nov beans trades from 6c out top 8 1/2c carry. July/Dec meal trades into $5.40 from $6.50. July wheat /corn trades from 2.14c down to 2.06 1/2c. PALM OIL Up 11 ringgits, with June cash offers for RBD palm oil and olein up $2.50/mt higher, ending $520.00/mt and $522.50/mt, respectively. NEWS Stocks are higher, up 460 pts. even though the US economy shrank at a 4.8% annual rate last quarter, a quarterly drop for the first time in six years. It was the sharpest drop since the economy shrank at...
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.