SPREADS Dec crush trades up to 80c/bu while oilshare is still firm at 33.42%. Dec/March corn is a steady 11 3/4c-12c, which is narrower than its lowest point at 13c. Dec 19/Dec 20 corn trades to 23c from 20 1/2c, which is weaker than when it narrowed into 15 1/2c on the rally this week. Jan/March beans trade to 12c from 11 1/2c while Nov/Jan is out to 14 1/4c from 14c. Dec/March meal trades from $6.40-$6.80. Oil spreads remain firm on bull-spreading, trading from 45 pts to 46 pts. Dec wheat/corn trades from 1.29 1/2c to 1.31 3/4c. PALM OIL Dec up 10 ringgits. Refiners were keen to sell rallies, while buyers are not paying up. Destinations were quiet. Mala...
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.