GOOD MORNING, As we head into Labor Day, funds continue to build their net short positions in corn while maintaining an overall larger short in beans and meal. Corn prices are pressured by ongoing harvesting in Mississippi and parts of the Delta, (in between raindrops), with producers reporting good yields. As the markets turn choppy, a few fan - favorite spreads continue to emerge. 1. Buy soyoil/sell meal. Oilshare was working higher off the back of higher palm oil values and forecasts for tighter supplies as Chinese crush was reduced. ASF weighs on meal. It's a good story, but can it last? There are still plenty of soyoil bears out there who say hogwash to higher prices. ...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.