SPREADS July crush trades to 86c/bu while oilshare trades to 43.09%. July /NOv bean inverse falls to 1.52 3/4c from 1.60 1/2c while July/Dec meal trades from $20.80 invest to $18.20. Jul/Dec coron trades down to 87 1/4c from 97 1/2c as money flow continues to come into the December contract. Look to see if the spread stabilizes at 80c should we get there for a buying opportunity. July wheat/corn trades from 33c to close at 39c. PALM OIL July palm oil ends up 210 ringgits higher at 4,425, a new record high, on higher April exports. NEWS Stocks are waffling either side of even after a disappointing jobs report showing employers added 266,000 jobs in April, a whopping 73 percent less than expected. ...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.