SPREADS March crush trades to 97.71c/bu while oilshare trades to 32.40%. No deliveries find Dec/March corn narrowing into 6c from 6 1/2c, while the Dec/Dec inverse trades at 12c. Jan/March beans trade from 1/2c to 1 1/2c carry. Dec/March meal trades from $4.60 inverse to $4.40. March wheat/corn trades from 1.59 1/4c to 1.60c. PALM OIL Feb up 44 ringgits at 3,349 ringgit/mt. NEWS The Dow is up over 300 pts as more vaccines are scheduled for roll-out. The US dollar trades down to 91.60 with crude at $44.81/barrel. CALLS Calls are as follows: beans: 1-2 higher meal: .90-1.00 higher soyoil: 10-15 higher corn: 1 higher wheat: 1 1/2-2 higher BUSINESS No business...
Congress is moving forward with its FY 2027 spending bills, while also still working to address FY 2026 funding for the Department of Homeland Security, which is still in a shutdown. The House Agriculture-FDA Appropriations Subcommittee marked up and passed its FY 2027 bill. The House bill prov...
Mediterranean/Middle East/North Africa/Africa – MEA Region Tunisian researchers have been able to fully sequence the genomes of two local durum wheat types that have been grown in Tunisia for generations. They say that this “could be the key to developing more climate-resistant duru...
Update for 6 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...
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.