SPREADS August crush trades to 92c/bu while oilshare trades to 43.03%. July/Nov bean inverse trades from 83 3/4c to 93 3/4c. Sep/Dec meal trades from $2.70 carry out to $4.00. July/Dec corn inverse trades from 88 3/4c up to 95 3/4c, while Sep/Dec corn inverse trades from 13 1/4c down to 11c. Dec/March wheat trades from 5 1/4c carry out to 6 1/4c. Dec wheat/corn trades from 1.18c down to 1.08c. PALM OIL Indonesia's Finance Minister stated the gov. would change its palm oil export levy program, lowering the highest rate to $175/mt, down from $255/mt, currently. The levy will likely increase by $20/mt for crude palm and $16/mt for products for every $50 increase in price, but with a ceiling of...
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...
Key Takeaways: Indonesia will raise its biodiesel mandate from B40 to B50 on 1 July, increasing palm oil–based diesel blending to 50 percent. The policy supports domestic palm oil demand and reduces reliance on imported diesel. Indonesia’s biodiesel program has steadily expanded si...
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.