SPREADS Jan crush trades up to 96.65c/bu while oilshare works down to 33.45%. Dec/March corn spread remains firm at 8 1/2c from 8 3/4c, while Dec 19/Dec 20 trades from 21 3/4c to 22 1/2c. Dec/March meal trades from $5.10 to $5.50. Dec/March wheat firms into 4 1/4c from 4 3/4c. Jan/March beans trade from 13c to 13 1/2c. PALM OIL Jan up 23 ringgits on a slight raise in the Nov 1-15 export picture (rumors that exports could be down 5-6% now down only 3%), and SPPOMA production estimates that suggest production could be down 11%. NEWS The Dow is off 43 pts this morning with crude up to $57.79/barrel and the US dollar firmer at 98.42. CALLS Calls today are as follows:...
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.