SPREADS Dec. crush trades to 1.26c/bu while oilshare trades below 31.0% to new lows of 30.40%. Crush continues to be very strong, supporting meal prices as they head higher. Wheat spreads continue strong as well, with Dec/July inverting to 25 1/2c from what was a 16 carry in August. Dec/March wheat inverts to 5 1/4c from 3c. Corn spreads are also firmer though Dec/March trades at 4 1/4c to 4 3/4c carry. Dec/Dec inverts to 8 1/2c from 4 3/4c. Dec/March meal trades to $15.30 from $13.20 inverse. Nov/Jan beans trades around even, with Jan/March at an 11c to 12 1/2c inverse. Dec wheat /corn trades from 2.24 3/4c to 2.30 1/2c. PALM OIL Dec. down 98 ringgits. Palm oil fell...
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.