SPREADS July oilshare trades to 43.05% while crush trades up to 92c/bu. Spreads recover after selling off to some lows for beans with Jly/Nov trading from 1.54 1/4c to 1.70c. July/Dec meal trades up to $23.50 from $19.60. Corn spreads weaken with July/Dec inverse trading down to 99 1/2c from 1.07 3/4c. July wheat /corn spread trades from 25 1/4c to 33c. PALM OIL Malaysian June RBD palm oil ended up $30/mt higher. Analysts, ahead of the May 10 Malaysian Palm Oil Board data release, expect the group to peg April production at 1.55 mmt, up 8.9% from the prev. April exports are forecast at 1.3 mmt, up 10%. NEWS Stocks are up 43 pts. Unemployment claims fell to 498,000 last week, a pande...
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.