SPREADS March crush trades to 72c/bu while oilshare trades to 33.45%. The corn inverses strengthened to new highs, with July/Dec trading up to 81 1/4c from 74c, and May/July into a new contract high at 5 3/4c from 4 1/2c. March/May wheat trades from 1/4c to 3/4c carry. March wheat/corn trades from 1.28 1/2c to 1.36 1/4c. July/Nov beans trades from 1.95 3/4c up to 2.06 1/4c. PALM OIL April palm oil closed 23 ringgits higher at 3,265. NEWS Stocks are 78 pts higher while crude oil trades up to $52.29/barrel. US home prices rose at the fastest pace in more than six years fueled by demand for more living space as Americans remain closer to home during the pandemic. CALLS Calls ar...
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.