SPREADS August crush trades to 90c/bu while oilshare trades to 47.63%. Corn inverses are slightly weaker as new buying comes into December. Sep/Dec inverse trades down to 5 1/2c from 8 1/4c, while Dec/March corn trades from 7 1/2c to 8c carry. August / Nov bean weakens to 61 3/4c from 70c, closing at 67c, while Sep/Nov inverse trades from 13 1/4c to 16 1/4c. Sep/Dec. meal carry trades from $1.40 out to $2.60. Dec wheat/corn trades from 1.25 1/2c to 1.32 3/4c. Sep/Dec wheat trades from 6 1/2c to 7 1/4c. PALM OIL Sep. palm closed up 20 ringgits to end at 4,131 ringgit/mt. NEWS The Dow is 65 pts higher as crude oil trades up to $72.28/barrel, and the US dollar trades to 92.75.&nb...
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.