SPREADS August crush trades to 88c/bu while oilshare trades to 43.29%. Bull spreads are rallying again with July/Nov beans trading back to 1.95 1/2c from 1.84 1/4c, while July/Dec meal inverse trades from $20.00 to $18.00. July/Dec corn trades up to 1.08c inverse from 98c. July wheat/corn trades from 68c down to 52c. PALM OIL August palm oil closed down 45 ringgits lower ending at 4,240 ringgit/mt. Intertek estimated exports for the FH May at 685,114 mt, up 17% vs. month ago. NEWS The stock market is 130 pts lower with the US dollar trading to 90.17 and crude oil at $64.83/barrel. CALLS Calls are as follows: beans: 6-9 higher meal: 4.50-4.90 higher soyoil: 30-35 higher corn:&n...
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.