SPREADS Oct. crush trades to 92.80c/bu while oilshare declines to 34.88%. Corn spreads are slightly weaker with Dec/Dec trading from 33 1/4c out to 34 3/4c. Dec/March corn trades from 11c to 11 3/4c. Sep/Dec wheat trades from 1.72c up to 1.75c. Sep/Dec meal traded from $6.30 to $6.60. Sep/Nov beans trade from 2 1/2c to 3c. Nov/Jan beans trades from 4 3/4c to 5 1/4c. PALM OIL October down 28 ringgits, closing 2.5% lower on concerns over a plunge in August exports. July palm oil imports by India were 824,078 mt, up 1.4% from year ago. NEWS Stocks are down 80 pts, with crude oil at $41.77/barrel low, and the US dollar trading down to 93.15. US productivity rose at a 7.3% r...
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.