SPREADS July crush trades to 80.92c/bu while oilshare trades to 31.23%. July/Dec corn trades from 15 1/2c out to 16 1/4. July/Dec wheat trades from 10 1/34c out to 11 3/4c. July/Nov beans trades into 2 3/4c from 6c while July/Dec meal trades into $4.30 from $5.60. PALM OIL Holiday NEWS Stocks are off 280 pts as more questions return about the process recovery, and more economic numbers will be released this week. Crude oil trades down to $23.67/barrel and the US dollar firms to 100.11. CALLS Calls today are as follows: beans: 5-7 higher meal: 2.20-2.50 higher soyoil: 8-10 higher corn: 2 higher wheat: 1/2-1 higher canola: 1.40-1.60 higher TECHNICALS July...
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...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.