SPREADS March crush trades to 77.20c/bu while oilshare is 33.89%. July/Dec corn trades to a new contract high at 89 1/2c with May/July at ctr highs of 8c inverse. March/May wheat trades to 1c carry from 1/2c. July/Nov beans trades from 2.02 3/4c to 2.09c, while March/May trades from 2c inverse to 1 1/4c. March wheat/corn trades from 1.24c down to 1.12 1/4c. PALM OIL Public holiday NEWS Stocks are down 22 pts with jobless claims falling to 847,000, down 67K. The US economy shrank for the first time since the Great Recession after growing at a 4% rate last quarter. Crude trades to $53.03/barrel, while the US dollar trades to 90.86. CALLS Calls are as follows: beans: 8-10 higher meal: 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.