SPREADS Crush is firmer this morning with July trading up to 94c/bu, and oilshare correcting down to 31.23%. July/Nov beans trades out to 10 1/4c from 8 1/2c. Jly/Dec meal trades into $3.10 from $5.30 as traders take profits on recent weakness. July/Dec corn widens out to a 15 1/4c carry from 14c. July wheat/corn trades from 2.13 3/4c down to 2.10 1/4c. PALM OIL Malaysian cash offers for May delivered RBD palm and olein traded up $5.00/mt higher ending at $572.50/mt and $575.00/mt, respectively. Quiet as India extends its lock-down to the first week of May, which is set to further hit global demand for veg oil. Further pressure on oil was noted as Brent crude fell 6% Tues, while WTI futures...
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.