SPREADS October crush trades at 1.08c/bu while oilshare is steady at 32.57 percent. September contract liquidation continues as we approach first notice day. Currently there are 1,251 open corn receipts, 702 beans, 813 meal, and 1,879 soyoil. Sep /Dec corn trades out to 9 3/4c, Dec/March trades from 12c to 12 1/4c. Dec 19/Dec 20 corn trades begin to congest a bit from 36c to 37 1/4c. Dec wheat/corn trades from 1.07c to 1.05 1/2c. Nov/Jan bean spread narrows into 13 1/2c from 14c. Dec/March meal trades from $4.10 to $4.50. PALM OIL Down 29 ringgits in October. NEWS Stocks continue to recover after a calmer tone was taken between the US/China with the Dow back over 26,000,...
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.