SPREADS Sep. rush trades to 74.07c/bu while oilshare bounces to 33.38%. Nearby spreads remain firm with Sep/Dec corn narrowing into 7 1/4 from 7 3/4c. Sep/Dec wheat trades into 5 1/4c from 6c. August/Nov beans inverts to 1c from 1/2c carry. As a reminder, July/Nov inverted to 9c at one point. Sep/Nov beans trades into 2 3/4c from 3 1/4c. Sep/Dec meal narrows into $4.60 from $4.90. PALM OIL Sep up 62 ringgits as futures extended gains for a 4th straight session, closing near a five month high on better exports, stronger crude and lower July production outlook. Malaysian cash offers for August delivered RBD palm oil and olein traded up $7.50/mt higher at $632.50/mt and $635/mt, re...
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.