SPREADS Jan crush trades firmer at 1.28c/bu while oilshare trades back down to 30.37%. Spreads are firmer with Dec/Dec corn now inverting to 22 1/2c from 19c, while Dec/March trades into 1 3/4c from 2 3/4c carry. Jan/March inverse congests again from 14c to 13 1/4c. Dec/March meal inverse is very strong at 20.00 to 17.90. Dec/March wheat trades at a small carry, but did go into an inverse this week. Dec/wheat corn trades from 2.11c to 2.05c. PALM OIL Malaysian palm oil futures closed unchanged at 2,943 ringgit/mt. Cash offers rose for RBD palm and olein by $5/mt. NEWS Equities are 90 pts. higher with crude trading up to $40.92 /barrel, and the US dollar lower at 92.66. ...
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.