SPREADS Oct crush trades to 93.78c while oilshare trades to 34.99%. Dec/Dec corn narrows into 31c from 35 1/2c, while Sep/Dec trades from 2 3/34c out to 3 1/4c. Sep/Nov beans trades from 2 3/4c to 3 1/4c. Dec wheat/corn trades from 1.71c down to 1.65c. PALM OIL Cash RBD palm oil and olein traded $5mt higher ending at $710.00 /mt and $712.50/mt, respectively. NEWS Stocks are down 30 pts with crude oil in the red trading down to $42.40/barrel, and the US dollar at 93.01. CALLS Calls are as follows: beans: 10-12 higher meal: 3.80 -4.00 higher soyoil: steady/firm corn: 6 higher wheat: 1/2 lower TECHNICALS November Beans: Prices are still in the same trading range as they...
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.