SPREADS Dec crush trades to 83.19/bu, which is 30c off the August highs. Oilshare trades down to 32.61 percent. Dec/March corn trades back into 12c from 12 1/4c while Dec 19/Dec 20 trades from 30 1/4c to 31 3/4c. Dec wheat/corn trades from 1.16c to 1.19c. Dec/March meal widens out to $5.80 from $5.60, and vs. trade that was into $4.70 last week. Dec/March wheat trades from 6 1/2c out to 7 1/4c. Nov/Jan beans widen out to 14 3/4c from 14 1/4c. Jan/March beans narrow into 12c from 12 1/2c. PALM OIL Down 15 ringgits. Spreads between palm oil and both gas and soyoil have widened, and will likely be positive for palm oil demand, as stated in a report by Rabobank. Rabobank...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
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...
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.