SPREADS July crush trades to 75.17c/bu while oilshare trades to 31.25%. Corn spreads weaken this AM with July /Dec trading back out to 16 1/2c from 15 3/4c. July /Dec wheat trades from 13c to 13 3/4c. July/Dec meal trades from $5.60 out to $5.90. July wheat/corn trades from 1.97 3/4c down to 1.93 3/4c. PALM OIL June cash offers were down $5/mt at $510.00/mt and $512.50/mt, respectively. The Malaysian Palm Oil Board reported stockpiles climbed 18% to 2.05 mln tons from 1.73 mln tons a month ago, which is the highest level since November. Production surged 18% to 1.65 mln tons. NEWS Stocks are up 114 pts with crude oil trading to $25.64/barrel. The US dollar trades down to 99.78...
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.