SPREADS Sep. crush trades to 75.16c/bu while oilshare trades to 34.57%. Spreads are firm with the Aug/Nov bean inverse trading tto 3 3/4c from 2 1/2c. Sep/Nov beans narrow to 2 1/2c from 3 1/4c. Sep/Dec corn trades from 6 1/4c to 7c, while Sep./Dec wheat narrows into 4 1/2c from 6c. Sep/Dec meal trades into $4.60 from $5.10. Sep. wheat/corn trades from 2.01 1/2c to 2.02 1/2c. PALM OIL October up 49 ringgits. Malaysia is losing up to 25% of its potential palm oil yield due to labour shortages that are expected to worsen in coming months. NEWS Stocks are slightly lower, down 29 pts., with crude oil trading to $40.04/barrel. CALLS Calls are as follows: beans:...
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.