SPREADS Crush is higher today with November trading to 1.24c/bu and oilshare at 47.63%. Sep/Dec corn inverse trades from 3 3/4c to 5 1/4c, while Dec/March trading from 7 3/4c out to 8c carry. Sep/Dec wheat trades into new lows from 9 1/4c to 9 3/4c. August/Nov bean spread trades from 46 1/4c to 51 1/2c. Sep/Dec meal trades into $2.20 from $3.50 carry. Dec wheat/corn trades from 1.49c down to 1.42c. PALM OIL October palm oil closed up over 2% higher Monday, up 113 ringgits/mt to 4,384 ringgit/mt. Softer export data for July 1-25 limited gains, as shipments fell 4% vs. yr ago, as reported by AmSpeci Agri. NEWS Stocks are 100 pts lower with crude oil trading to $70.56/barre...
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.