SPREADS July crush trades down to 1.02c/bu, while oilshare trends higher to 30.74%. July/Nov beans trades from back out to a 3 1/2c carry from an inverse. July/Dec meal also loses its inverse and trades back out to a $1.40 carry. May wheat/corn trades from 2.25c up to 2.32c. July/Dec corn trades from 12 3/4c to 14 1/4c, while May/July trades from 5 1/2c to 6c. PALM OIL Palm up 0.5% after declining 1% in early trade, ending up 12 ringgits in June, as cargo surveyor data showed better-than-expected exports for the first five days of this month. Ahead of this week's Malaysian Palm Oil Board data, analysts are forecasting March ending stocks at 1.65 mmt, down 1.9% from Feb, and if realize...
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.