SPREADS Jan crush trades to 1.05c/bu while oilshare trades to 32.38%. December open interest continues to liquidate. Dec/March corn trades out to 7c from 6 1/4c, while the Dec/Dec inverse trades from 14c down to 11 3/4c. Dec/March wheat trades from 5 3/4c out to 7c. March wheat/corn trades from 1.90 1/4c to 1.85c. Jan/March bean inverse trades out to 2c carry from 1 1/4c. PALM OIL Feb. closed up 33 ringgits higher, ending at 3,282 ringgit/mt. AmSpec Malaysia estimated palm oil exports over the Nov 1-25 period at 1.145 mmt, down from 1.412 mmt in their Oct. 1-25 estimate. NEWS Stocks are down 60 pts as the US dollar trades to 30-month lows at 91.94. Crude trades up to 6-month highs a...
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.