SPREADS Sep crush firms to 95c/bu from 92c/bu yesterday with a bounce in oilshare up to 31.19%. Dec/March corn trades from 8 1/4c to 8 3/4c, while the Dec/Dec inverse drops to 10c from 12 3/4c. Sep/Dec meal trades from $4.50 to $4.80, while Sep/Nov beans trades from 11 3/4c from 12. PALM OIL - Palm oil export estimate data released after the market closed Monday showed exports up 3.2% for July 1-20, providing some support. Palm oil closed 1% higher today. NEWS The stock market opened higher with the US dollar trading to a 2-month high following the budget deal announced yesterday. STORIES Chinese bean buying looks as though it is tied to concessions on Huawei and world values where US beans out of t...
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.