SPREADS July crush trades to 59.29c/bu while oilshare trades to 38.80%. The July/Nov bean inverse trades to 1.40 3/4c from 1.46 3/4c, while May/July trades down to 6 3/4c from 8 1/2c. July/Dec meal trades from $18.10 to $19.50. July/Dec corn trades from 58c to 60 1/4c, while May/July trades from 13 3/4c inverse from 13c. May/July wheat trades from 2 1/2c inverse to 2c. July wheat/corn trades from 77 3/4c to 70 3/4c. PALM OIL June up 43 ringtits at 3.845 ringgit/mt. SGS forecast palm exports for March at 1.245 mmt vs. their Feb. export estimate at 1.052 mmt. NEWS Stocks are on the defensive, down 40 pts, with the US dollar firmer at 92.41. Crude oil trades quietly with a low of $58.78/barr...
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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.