SPREADS Crush firms to 99.91c/bu, while oilshare trades to 31.0%. Spreads are generally firmer with July/Dec corn narrowing into 13 3/4c from 15c. Jly/Dec wheat firms into 13 1/2c from 14 1/4c. July/Nov beans trades from 7 1/2c to 9c. July wheat /corn trades from 2.01 1/2c to 1.97 1/2. July/Dec meal trades into $1.70 from $2.40. PALM OIL July closed up 34 ringgits, ending higher on bargain-hunting. For the week palm was down 3.3% on worries about rising stockpiles and lower exports due to lock-downs. NEWS Stocks are higher today, up 690 pts, with crude trading to new lows at $17.53/barrel. The US dollar remains weaker trading to 99.69. CALLS Calls today are as fo...
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.