SPREADS Dec crush falls to 82c/bu, one of the lowest levels noted for the year. Oilshare trends firmer trading to 32.98 percent. Spreads are steady with Dec/March corn trading from 12c to 12 1/2c after narrowing into 10 3/4c this week. Dec 19/Dec 20 corn trades from 32 1/4c to 32 3/4c. Dec wheat/corn moves from 1.13c to 1.17 1/4c. Jan/Nov beans remain weaker, trading out to 14 1/2c with Jan/March trading from 12c out to 12 1/2c. PALM OIL Nov down 19 ringgits. Malaysian palm oil offers unchanged at $522.50 /mt. China is out for holiday starting Tuesday. A global conference held in India had forecasts that were friendly, calling for BMD to rise to 2500 by March and for RBD palm to...
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.