SPREADS March crush trades to 98c/bu while oilshare is at 36.52%. July/Dec corn trades from 2c to 2 1/2c, while March/May narrows into 6 3/4c from 7c. July/Nov beans trades from 1 1/2c to 3 1/2c, settling in the middle this morning at 2 1/4c. March/May wheat trades from 3c to 3 1/2c. March wheat/corn trades from 1.71 1/4c down to 1.69 1/2c. PALM OIL March closed 72 ringgits higher. Ahead of Malaysian Palm Oil Board data to be released on Jan 10, analysts are expecting Dec. production at 1.34 mmt, down 13% from Nov. Dec ending stocks are estimated at 2.06 mmt, down 8.5% from Nov, and at their lowest level since 2017. Exports of palm oil for Dec. are forecast around 1.3 mmt, which would be 5...
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...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.