SPREADS Oct. crush trades to 93.36c/bu while oilshare trades to 34.44%. Sep/Dec corn trades from 13 1/4c to 14c, while Dec/Dec trades from 32c to 33 1/2c. Sep/Nov beans trade into 1 3/4c from 2c. Nov/Jan beans trades from 5-5 1/2c. Sep/Dec meal trades from $6.60 to $6.90 carry. Sep./Dec wheat trades from 9c to 9 1/2c. PALM OIL October settled up 31 ringgits. AmSpec Malaysia forecast palm oil product exports over the first half of August at 694,292 mt, down 16.3% from their FH July estimate at 829,294 mt. NEWS The Dow is up 83 pts while crude oil trades down to $41.80/barrel. The US dollar trades down to 92.89. CALLS Calls today are higher acros...
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.