SPREADS May crush trades to 63c/bu while oilshare trades to 38.0%, new market highs. Domestic basis has been strengthening, with inverses finding support at market lows. July/Dec corn inverse trades back to 49 3/4c from 45 1/2c, while May/July trades from 10 1/4c to 11 1/4c. May/July wheat trades from 11 1/4c inverse to 10c. July/Nov beans trades from 1.62c up to 1.67 1/2c, while May/July trades from 17 1/2c down to 15c. July/Dec meal weakens to $34.20 inverse from $35.70. PALM OIL May palm oil up 10 ringgits at 3,741 ringgit/mt. NEWS The stock market trades 255 pts higher with crude oil prices well bid, trading to new highs at $65.77/barrel. The US dollar firms to 92.19, which is more negativ...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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.