SPREADS Dec crush trades higher to 1.03c/bu while oilshare trades firmer as well to 46.20%. Dec/March corn trades from 7 3/4c carry to 8c. Dec 21/22 corn inverse trades from 21c to 18 1/4c. Dec/March wheat trades from 12c to 12 1/4c, new lows. Dec wheat/corn trades from 1.72c to 1.69c. Nov/Jan bean spread trades from 9 1/2c to 9 3/4c, while Nov 21/22 trades from 31 1/2c to 28 3/4c. Dec/March meal trades from $4.20 to $4.30. PALM OIL Dec crude oil closed up 142 ringgits to 4,597 ringgit/mt. NEWS Stocks are up 119 pts. with crude oil trading down to $73.89/barrel, and the US dollar into new year highs of 94.50. CALLS Calls are as follows: beans: 1-3 higher meal: 1.20-1.60 lower soyoil:...
What You Need to Know Today: The latest EIA Short-Term Energy Outlook forecast 2027 U.S. WTI crude oil at $65.39/brl, up about $5 from the prior forecast. President Trump late Monday claimed the U.S. has swept the entire Strait of Hormuz (SOH) for sea mines. Iran’s security council said...
Key Takeaways: Soymeal with 44 percent protein generally contains more soybean hulls and fiber, while 48 percent soymeal is more extensively dehulled, resulting in higher protein concentration and lower fiber. CBOT soymeal futures were lowered from a 48 percent to 47.5 percent protein specific...
The trade deficit contracted slightly to $73.3 billion in June, a break from the volatility that has underscored international trade over the past year. Despite the small change, there was plenty of activity behind the scenes: imports fell $7.3 billion, led by crude oil, reflecting cheaper crud...
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.