SPREADS July crush trades to 91.92c/bu while oilshare jumps to 43.14%. July/Nov beans posts a new high at 2.00c with a low of 1.89 1/2c, while May/July inverts to 40 1/4c from 35 1/4c. July/Dec meal inverse weakens to $20.90 after posting a new high of $25.80. July/Dec corn trades to a new c tr high at 1.24c from 1.13 3/4c, while May/July trades from 64 3/4c from lows of 52 1/4c. July wheat/corn trades from 59 1/4c down to 52c. PALM OIL July up 187 ringgits ending at 4.055. Palm oil up 4% today on stronger April exports and soyoil strength amidst worries about supply. The contract rose to an intraday high of 5.14% during the session, its highest since May 27, 2020. NEWS Stocks are higher, up 180 pts,...
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.