SPREADS Sep crush trades at 95.55c/bu while oilshare firms further to 31.27%. Dec/March corn trades out to 7 1/2c from 6 3/4c while the Dec/Dec inverse trades from 27 3/4c down to 22 3/4c. Sep/Dec meal carry trades from $4.60 out to $5.00 with $4.70 close. August/Nov beans narrows into 17 3/4c from 18 1/2c. Sep wheat/corn trades from 72c down to 66 1/4c. Sep/Dec wheat trades from 11 3/4c out to 12 1/2c. PALM OIL - Malaysia has kept its August crude palm oil export duty at 1%. Cash RBD palm oil is down $5.00/mt at $492.50/mt. NEWS The stock market is lower with crude firmer at $59.98/barrel high, and the US dollar trading up to 97.33. Retail sales were higher in June with the Co...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.