SPREADS July crush trades to 61.51c, while oilshare trades to 39.85%. Spreads firm with Jul/Nov bean inverse strengthening up to 1.62 1/2c from 1.53c, while May/July trades to 15c from 13 1/2c. July/Dec corn firms to 64c from 60c, while May/July inverts to 12 1/4c from 11 3/4c. July/Dec meal trades to an inverse of $17.70 from $15.80, while May /July trades into a $3.60 carry from $3.90, and values that were over $5.00. PALM OIL June up 94 ringgits, ending at 3,804 ringgit/mt. Analysts with Intertek forecast exports over the April 1-20 period at 813,946 mt, up 10% vs. March 1-20 estimates. NEWS Stocks are down 133 pts with crude oil trading to highs of $64.25/barrel, with the US dol...
Beef packer margins deteriorated to -$261/head last week, down $19 from the prior week as weaker beef values (especially the Choice cutout) were offset by firmer fed cattle prices, which further compressed packer profits. The cutout slipped to $387/cwt while fed cattle prices held above $259/cw...
What You Need to Know Today: The U.S. and Iran reportedly agreed to pause hostilities to allow vessels to transit the Strait of Hormuz this week (theoretically, at least). There were some rumors of a possible Chinese blockade against Taiwan. Analysts are looking for the largest U.S. 1 June cor...
Proposition 12: The National Pork Producers Council (NPPC) has advocated for a fix to Proposition 12, the California animal welfare law, in the Senate farm bill. The House version of the farm bill included a fix, but the Senate bill, based on the discussion draft released by Chairman John Boozm...
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.