SPREADS July crush trades to 87.93c/bu, while oilshare trades to 30.96%. Spreads firm with July/Dec narrowing into 11 1/4c from 12 3/4c, and vs. levels that were as wide as 15/17c. May/July corn trades from 7 1/4c to 7 3/4c. July/Nov beans trades closes at a 1 3/4c carry from 4 1/4c. July/Dec meal trades from $2.80 out to $3.60. July wheat/corn trades from 2.22 1/4c down to 2.14 3/4c. PALM OIL Up 2% following gains in soyoil, with July up 44 ringgits. Better export demand was noted from the cash market due to lower prices and a rebound in equities, which supported higher futures. NEWS US and Asian stocks are higher as oil prices head higher on rising tensions in the Midd...
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.