SPREADS Dec crush trades at 1.09c while oilshare trades to new lows at 44.72%. Sep/Dec corn firms to 2 from 1 1/4c. Dec/March corn carry trades from 7 1/2c to 7 3/4c. Sep/Dec wheat trades into 13 3/4c from 14c. Dec wheat/corn trades from 1.91 3/4c to 1.99c. Sep/Dec meal trades from $1.80 to $1.90. Sep/Nov beans trade from 4 3/4c to 2 1/2c inverse while Nov/March trades from 6 1/4c out to 7 3/4c. PALM OIL Oct. closed up 58 ringgits/mt to 4,323 ringgit/mt. NEWS Stocks are up 150 pts with crude oil firming back to $64.32/barrel, and the US dollar weakening down to 93.21. CALLS Calls are as follows: (early indications) beans: 12-14 higher meal:&nb...
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.