SPREADS Jan crush trades to 1.13c/bu while oilshare rises to 32.19%. The Goldman Roll is over which firms the Dec/March corn spread back into 9 1/2c from 10c. Dec/Dec corn inverse weakens to 5 1/4c from 8c. Dec/March wheat trades from 7 1/4c carry to 8 1/2c. Dec wheat/corn trades from 1.77c to 1.81 1/4c. Dec/March meal trades from $3.80 to $3.00 inverse. Jan/March beans trade out to 3/4c carry from 1/4c. PALM OIL Feb. palm oil down 18 ringgits at 3,281/mt NEWS Stocks are up over 400 pts as global markets rally on vaccine news. Reports that Moderna has developed a vaccine that is 94% effective is seen as more good news to combat the coronavirus. CALLS Calls are as follows: b...
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.