SPREADS July/Nov bean inverse trades from 1.78 1/4c down to 1.73 1/2c, while May/July trades from 11 3/4c to 13c. July/Dec meal trades from $30.60 inverse down to 11 3/4c. May wheat/corn trades from 86c down to 82c, with target lows at 60c. May/July corn trades to 17c inverse after hitting 19c this week, and trades to 15 1/2c. July/Dec corn trades from 65 3/43c to 61 3/4c. May crush trades to 68c/bu while oilshare is lower at 39.98%. PALM OIL June down 79 ringgits ending at 3.720 ringgit/mt. NEWS Stocks are up 33 pts with crude breaking to new lows at $59.06 and the US dollar trading up to 92.06. CALLS Calls today are as follows: beans: 3-5 higher meal: 1.40-1.80 higher soyoil: 20-25...
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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.