SPREADS July crush trades firmer to 85.77c/bu, while oilshare trades to 30.55%. Corn spreads widen with July/Dec out to 16 3/4c from 15 3/4c. May/July corn trades from 7 3/4c to 8 1/4c. July/Nov beans trades from 2 1/4c out to 5c, while July/Dec meal trades from $2.90 out to $3.90. July wheat /corn trades from 2.17 1/2c down to 2.07 1/4c. PALM OIL July closed up 2 ringgits, with futures recovering from lows yesterday, but the main trend is down. Malaysian June cash offers for RBD palm oil and olien on Tues. traded $2.50/mt higher ending at $517.50/mt and $520.00/mt, respectively. NEWS Stocks are trading higher, up 400 pts, as crude oil falls to $10.07/barrel. The US dollar is...
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.