SPREADS May crush trades to 67c/bu while oilshare trades to 34.62%. Corn spreads continue to weaken post Feb. report with July/Dec trading down to 79 1/4c from highs over 93c. May/July corn remains fairly firm trading down to 14c from 14 3/4c contract highs. July/Nov bean trades down to 1.85 3/4c inverse from 1.91c. March/May beans inverse trades from 3 1/4c to 2 1/2c. May wheat/corn trades from 98c to 1.00 1/2c. PALM OIL April palm oil up 54 ringgits at 3,636 due a jump in Feb. 1-10 exports vs. a month ago. The Malaysian Palm Oil Board forecast Jan. ending stocks at 1.324 mmt, which is higher than expected at 1.287 mmt, and up from 1.265 mmt mo ago. Jan 2021 production was 1.126 mmt vs. 1...
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.