SPREADS Sep. crush trades to 84.97c/bu while oilshare falls trades higher to 34.86%. Spreads are slightly weaker with the Aug/Nov inverse trading from 5c to 3c. Sep/Nov beans trades from 2-3 3/4c carry. Sep/Dec meal trades wider from $6.10 out to $6.70. Sep/Dec corn trades from 10 1/2c to 11c carry. Sep/Dec wheat spread widens out to 7 3/4c from 7 1/4c. The Sep wheat/corn spread trades from 2.13 1/2c down to 2.09c. PALM OIL October up 51 ringgits, tracking strong gains in Dalian palm. Palm oil gains as exports for palm are expected to have risen for the month of July. AmSpec Malaysia forecast July 2020 palm exports at 1.739 mln mt, vs. June at 1.629 mln mt. &nbs...
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.