SPREADS July crush is trading at 84.58c/bu while oilshare trades to 41.69% as it continues to correct. July /Nov bean spread bounces back to 1.81 3/4c from 1.73 1/2c and closes at the highs. Would look for further strength. Jly/Dec corn trades up to 1.09c from a break that took values to an 87c inverse level. Would also look for further strength with the inverse low at 1.02 1/4c. Jul /Dec meal inverse strengthens to $28.80 from $24.80. July wheat/corn trades from 18 1/2c to 23 3/4c. PALM OIL July down 23 ringgits to close at 4,345 ringgit/mt, lower for a second session as pressure from rising inventories and a better outlook for US crop plantings counted a surge in May e...
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.