SPREADS August crush trades to 74c/bu while oilshare trades to 44.51%. July/Nov beans traded down to .52 1/4c inverse from 1.59c. July/Dec meal trades from .20 to .90c carry. July/Dec corn trades from 99 1/4c to 1.04 1/4c, closing at 1.02c inverse. Sep/Dec trades from 24 1/2c to 26 1/2c inverse. July wheat/corn trades from 22 1/4c to 33 3/4c, closing at 30c. PALM OIL August closed down 107 ringgits lower ending at 3,917 ringgit/mt. NEWS Stocks are higher up 160 pts with the US dollar firming to 90.17 and crude oil trading to a low of $65.37/barrel. CALLS Calls are as follows: beans: 1-3 higher meal: 90-1.00 higher soyoil: steady corn: 4-6 higher wheat: 11-13 higher can...
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.