SPREADS Dec. crush trades 1.11c/bu while oilshare trades to 32.18% , popping back over the 32.0% level. Dec/Dec corn spreads are still firm trading from 2 1/4c to 5 1/4c, while the Dec/March spread trades from 7 1/2c to 8c carry. Nov/Jan bean loses its inverse moving out to 3 1/2c carry today from 3c. Jan/March bean inverse is also losing some of its strength as harvest rolls along trading down to 9 1/2c from 11 1/4c, and 29c report highs. Dec/March wheat trades from 2.12 1/2c down to 2.06 1/2c. Dec/March wheat inverse trades down to $7.50 from $9.30. PALM OIL Dec. closed higher, (up 9 ringgits), for the seventh straight session as top producer Indonesia warmed of the La Nina weather pattern which is i...
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.