SPREADS Jan. crush trades 1.24c/bu while oilshare mounts a rally back over 31.0% to close at 31.10%. Spreads are higher today, with Dec/Dec corn inverse returning to a high of 12 3/4c from 9 1/2c, while the actively traded Dec/March trades into 3 1/2c from 4 1/2c. Nov/Jan beans trades from 1 3/4c to 3c carry, while Jan/March inverse is a steady 6 3/4c to 7 3/4c, closing at the highs. Dec/March meal trades from $17.30 inverse to $15.50. Dec wheat/corn trades from 2.15c down to 2.10 3/4c. PALM OIL Jan up 94 ringgits higher, finishing at 3,069 ringgit/mt. NEWS Stocks continue to recover losses from a week ago, up 370 pts in the early going. Crude oil trades up to $38.30/barrel, while t...
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.