SPREADS July crush trades to 86c/bu while oilshare trades to 43.09%. July /NOv bean inverse falls to 1.52 3/4c from 1.60 1/2c while July/Dec meal trades from $20.80 invest to $18.20. Jul/Dec coron trades down to 87 1/4c from 97 1/2c as money flow continues to come into the December contract. Look to see if the spread stabilizes at 80c should we get there for a buying opportunity. July wheat/corn trades from 33c to close at 39c. PALM OIL July palm oil ends up 210 ringgits higher at 4,425, a new record high, on higher April exports. NEWS Stocks are waffling either side of even after a disappointing jobs report showing employers added 266,000 jobs in April, a whopping 73 percent less than expected. ...
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.