SPREADS Jan crush trades to 1.22c/bu while oilshare trades to 31.47%. Spreads are mixed with Dec/Dec corn inverting to 19 3/4c from 15 1/2c. Dec/March is weaker trading out to 8 1 /4c carry from 7 1/2c as Dec. contracts are rolled forward. Dec /March wheat trades from 7 1/4c to 8c carry. Dec wheat/corn trades from 1.86c down to 1.83 3/4c. Jan/March inverse is congesting from 1 1/4c to 3 1/4c. PALM OIL Closed up 1.24% to 3,346 ringgit, the highest price traded since May 2012. NEWS Stocks are up 148 pts with a high of 29,570. Crude trades up to $43.06/barrel, and the US dollar at 93.14. CALLS Calls are as follows: beans: 6-8 higher meal: 3.00-3.50 higher soyoil:...
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.