SPREADS July crush trades to 1.15c/bu, while oilshare weakens to 29.42% as traders buy meal/sell soyoil this morning. July/Dec corn weakens back out to 15c from 13 1/2c, while May/July trades from 5 1/4c out to 6c. May/July wheat trades to a new high inverse at 14 1/2c from 10 1/2c, and over the pre. 13 3/4c high. July/Dec meal inverse trades to $8.80 from $5.40 as good demand continues. July/Nov beans consolidates its inverse trading from 7 1/2c down to 3 1/2c. May wheat / corn trades from 2.25 1/2c up to 2.33 3/4c. PALM OIL Palm closed down 1% today after rising 1% yesterday, with the June ctr ending 24 ringgits lower. Malaysian April cash offers for RBD palm oil and olein traded unchanged at $592.50...
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.