SPREADS Dec. crush firms to 1.03c/bu while oilshare trades to 32.63%. Dec/March corn trades from 8c to 8 1/2c, while Dec/Dec trades from 17 3/4c out to 19 1/4c. Nov/Jan beans trade from 3 1/4c to 3 3/4c, while the Jan/March inverse weakens to 4 1/4c from 5c. Dec wheat/corn trades from 1.80c to 1.81c. Dec/March meal inverse slips from $6.20 down to $5.40. Dec/March wheat trades from 7c to 7 1/2c. PALM OIL Dec. ringgits settled unchanged at 2,822 ringgit/mt. Malaysia's gov. stated it is forcing movement restrictions in 4 Sabah districts for two weeks, after 1,000 Covid-19 infections were reported for Sep. The Sabah region accounts for 25% of the country's crude oil palm output.&n...
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.