Palm Oil Prices Near Bottom? Anyone who has been watching the palm oil market knows palm oil prices have plummeted in recent months. Weighed down by expanding production mainly in Indonesia, the FOB price of crude palm oil at Indonesian ports now is around $740/MT, or 33.6 cents per pound. That means palm oil now is trading at about a $340/MT discount to Argentine soyoil. This is very large discount by historical standards, and one that is causing countries like China and India to step up purchases and for the governments of Indonesia and Malaysia to explore acting together to underpin prices.It should be no real surprise that palm oil prices would fall sharply at some point because of excess production. USDA is forecasting Indonesia's p...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.