SPREADS March crush trades to 1.01c/bu while oilshare firmes to 36.46%. July/Dec corn trades from 1 3/4c to 2c, while March/May posts a 6 3/4c trade from 6 1/2c. July/Nov beans trades from 3 1/4c to 4 1/2c. March wheat/corn trades from 1.65 1/4c to 1.63c. March/May meal widens out to $4.10 from $4.00. PALM OIL March palm oil settled up 5 ringgits. Vegoil sources said that India's gov. has informally approached vegoil industry and gov. agencies to avoid purchasing Malaysian palm oil. The boycott of the vegoil is in response to Malaysian Prime Minister's criticism of India's Kashmir region policies and a new citizenship law. India still has a lot more palm they need to purchase, and the rhetoric is not h...
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.