SPREADS August crush trades to 79c/bu while oilshare trades to 46.43%. Today is the last day of the Goldman Roll as July futures wind down. July/Nov bean inverse trades to 84 3/4c but finds some life, trading back up to 96c. Jly/Dec meal widens out to new lows at $12.20 carry from $11.00. July/Dec corn hits a low of 82 1/2c for the morning with 88 1/2c highs. Sep/Dec corn trades from an inverse of 21 1/4c to 23 1/4c. Dec wheat/corn trades from 90c to 82 3/4c. PALM OIL August closed down 180 ringgits, setting the stage for a CBOT wash-out. Rapeseed is lower as well, trading down $25.00. NEWS Stocks are up 100 pts, crude oil trades to $70.80/barrel, and the US dollar trades high...
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.