With the Brazilian lineup growing and Chinese margins improving, soybean demand is expected to return to Argentina. The last trades were performed at 11 SN for June and 15 SN for July shipment FOB, while the CNF market was trading at 70 SN for a July cargo. Today offers are at 10 SN for May shipment. Soybeans With the Brazilian lineup growing (currently at 20 days) and Chinese margins improving, demand is expected to return to Argentina. Offers have risen almost 5 cents between last week and today. The last trades were performed at 11 SN for June and 15 SN for July shipment FOB, while the CNF market was trading at 70 SN for a July cargo. Today offers are at 10 SN for May shipment. Demand is now focused on June, July and August positions w...
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.