SPREADS July crush trades to 61.80c/bu while oilshare trades to 39.85%. Bean spreads continue firm with July/NOv trading up to 1.54c from 1.48 1/4c, while May/July trades from inverse of 12c down to 10 1/2c. July/Dec meal trades from $16.70 inverse down to $13.50. Jul/Dec corn inverse firms to 64 3/4c from 61 1/4c while May/July trades to 12 1/2c inverse from 11 3/4c. May/July wheat trades from 2c to 2 1/2c carry. PALM OIL June down 1 ringgit. Palm oil rises on expectation of continued tight stocks amidst buoyant demand vs. steady production. SPPOMA trade association reports that exports for the first half of April rose around 15% on the month to 585000 mt. NEWS Stocks are 45...
Beef packer margins deteriorated to -$261/head last week, down $19 from the prior week as weaker beef values (especially the Choice cutout) were offset by firmer fed cattle prices, which further compressed packer profits. The cutout slipped to $387/cwt while fed cattle prices held above $259/cw...
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...
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.