SPREADS July crush improves to 90c/bu while oilshare trades to 42.99%. Inverses have come down a touch, led by corn. July/Dec corn inverse traded to a high of 1.24c, but today trades from 1.19 1/2c down to 1.12c. May/July corn trades from 51c inverse down to 47 3/4c. July/Nov bean inverse which traded to a high of 2.00c trades down to 1.73 1/4c from 1.79 1/2c. July/Dec meal trades from $22.90 inverse to $19.30. July wheat /corn trades from 25c to 30 1/2c. PALM OIL July palm closed down 2 ringgits at 4,040 ringgit/mt. Ahead of the May 10 Malaysian Palm Oil Board data release, the group is expected to forecast April production at 1.55 mmt, up 8.9% vs. the prev. outlook. April expo...
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.