SPREADS Dec crush trades firm at 1.12c/bu with oilshare at 45.58%. Bean spreads continue to weaken, with Nov 21/Nov 22 trading at an 8 1/2 month low from 68 1/4c inverse to 53 1/2c. Sep/Nov bean inverse trades from 2c to 1 1/2c. Nov/March bean spread trades out to 9 1/4c from 8c. Sep/Dec meal narrows into .90 from $1.20 carry. Sep/Dec corn firms to 2 3/4c inverse from 2 1/4c. Sep/Dec wheat trades out to 14c carry. Dec wheat/corn trades 1.99 3/4c to 1.97 1/2. NEWS Stocks are up 60 pts. with crude oil up to $66.75/barrel. CALLS Calls are as follows: beans: 13-15 higher meal: 1.20-1.40 higher soyoil: 80-90 higher corn: 2-3 higher wheat: 2-3 lower TECHNICALS November Beans:...
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.