SPREADS July crush falls to 94.65c/bu while oilshare trades to 31.70%. July/Dec corn slightly weaker today, traidng out to 14 1/4c from 13 3/4c. May/July corn trades from 5 1/4c to 5 1/2c. July/Nov beans trades from 5c to 6c carry, vs. levels that were at an inverse week ago. May/July meal trades from 4.40 to $4.90, while July/Dec trades from $1.80 to $2.70. May wheat /corn trades from 2.20 3/4c to 2.22 1/4c. PALM OIL Cash offers for RBD palm oil and olien traded down $2.50/mt lower at $587.50/mt, and $590.00/mt, respectively. Malaysia's largest palm oil producing state Sabah will continue to close palm operations in six districts as part of its coronavirus containment measures...
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.