SPREADS Sep. crush trades to 1.25c/bu while oilshare trades to 47.40%. Corn spreads are weaker with Sep/Dec now trading into new lows at 3/4c carry from 2c inverse. Dec/March corn weakens to 8c from 7 1/2c. Sep/Dec wheat trades out to 9 1/2c from 9c. Dec wheat/corn trades from 1.72c to 1.83c. August/Nov bean inverse trades from 65 1/2c to 67 1/2c, while Sep/Dec meal trades from $2.40 out to $2.90. PALM OIL October palm down 252 ringgits/mt at 4,117 ringgit/mt. Egypt tendered for 30,000 mt of soyoil, and 10,000 mt of sunflower soyoil for delivery for the Oct 1-20 period. SGS estimated palm exports at 1.448 mmt. for July, down 6% from June. NEWS Stocks are up 100 pts with...
What You Need to Know Today: American and Mexican officials met Tuesday and will meet again Wednesday for another round of trade talks, where ag and energy will be a key topic. Another round is scheduled for 20 July. Ag groups are urging President Trump to renew USMCA for another 16 years, but...
Since the first U.S. case of New World Screwworm (NWS) was confirmed on 3 June, USDA has confirmed 12 cases. The latest was confirmed in a sheep on 12 June, with four additional cases confirmed in Texas on 11 June, three in cattle and one in a goat. The New Mexico case confirmed that the infect...
Key Takeaways: China has invested heavily in the Port of Chancay to strengthen trade links between South America and Asia. The port could reduce shipping times to China by up to two weeks and improve export competitiveness. Inland transportation infrastructure remains the primary obstacle to r...
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.