SPREADS Dec crush trades to 1.22c/bu while oilshare trades at 47.24%. Dec/March corn trades 8 1/4c to 8 1/2c, Dec 21/22 inverse trades down to 6c from 9 1/4c. Nov/Jan bean carry trades from 9 3/4c to 10 1/4c while the Nov 21/22 inverse falls to 2 3/4c from 7 3/4c. Nov/March beans traded out to a new low at 18c. Dec wheat/corn trades from 2.12 1/4 from 2.16c. Dec/March wheat trades from 10c to 11 1/2c. PALM OIL November RBD palm oil and olein cash offers on Monday traded up $10/mt higher ending at $1.197.50/mt and $1,200.00 /mt, respectively. NEWS Stocks are down 65 pts with crude oil weaker to $75.32/barrel, and the US dollar trading to 93.74. CALLS Calls are as follows: beans: 8...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
If the media headlines and Trump critics are to be believed, President Trump is headed to Beijing this Thursday in a weakened position. China is in control, it has the upper hand, and expectations are very low. These are the same critics that argue against overly simplistic zero-sum analyses in...
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.