SPREADS Crush trades down to 91c/bu with oilshare at 45.89%. Spreads were firmer with Dec/March corn narrowing into 7c from 7 1/2c. Dec 21/Dec 22 trades from 26 3/4c to 24 1/4c inverse. Nov/Jan bean spread trades from 8 1/2c to 9c, while Nov 21/Nov 22 trades from 30c inverse to 34 3/4c. Dec/March wheat trades from 11 1/2c out to 12c carry. Dec wheat/corn trades from 1.80c down to 1.74c. PALM OIL Closed for public holiday. NEWS Stocks are slightly lower with crude oil trading down to $72.39/barrel. The US dollar is firmer up to 92.79, as there seems to be a bit of unwinding in this spread today. CALLS Calls are as follows: beans: 1-3 higher meal: 1.80-2.00 higher soyoil:&n...
What You Need to Know Today: Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind an attack on a cargo ship near the coast of Oman, which would be a violation of the memorandum of understanding between the U.S. and Iran. Pr...
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding for the conflict in the Middle East, but there are agricultural provisions as well. The supplemental funding package includes more than $11 b...
Can we really expect a bushel of corn to carry an environmental passport throughout the entire food system? One that reliably documents its carbon footprint, biodiversity impacts, water use, soil carbon, and other environmental attributes all the way from the farm field to the consumer? This is...
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.