SPREADS Dec. crush falls to 97c/bu while oilshare sits at a steady 45.84%. Dec/March corn trades from 9 1/2c to 9 3/4c carry. Dec/March wheat trades from 10 3/4c to 11 1/2c. Dec wheat/corn trades from 1.99 1/4c down to 1.91c. Nov/Jan bean trades from 9c to 9 1/4c, while the Nov 21/Nov 22 inverse trades from 33 1/2c down to 26 1/2c. Dec/March meal spread trades from $4.90 out to $5.50. PALM OIL Nov down 87 ringgits to close at 4,391 ringgit/mt signaling an expectation of higher ending stocks in August. NEWS Stocks are off on the continuation of the spread of the virus, and rising inflation which may trigger the Fed to adjust interest rates sooner rather than later. CALLS Cal...
What You Need to Know Today: Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind an attack on a cargo ship near the coast of Oman, which would be a violation of the memorandum of understanding between the U.S. and Iran. Pr...
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding for the conflict in the Middle East, but there are agricultural provisions as well. The supplemental funding package includes more than $11 b...
Can we really expect a bushel of corn to carry an environmental passport throughout the entire food system? One that reliably documents its carbon footprint, biodiversity impacts, water use, soil carbon, and other environmental attributes all the way from the farm field to the consumer? This is...
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.