SPREADS Oct. crush trades 1.08c/bu while oilshare corrects back under 33% to trade to 32.82%. Spreads are weaker still with Dec 19/20 corn trading out to a 33c carry vs. 52c inverse at the high end of the trade. Dec/March corn widens out to 13 3/4c. Nov/Jan beans remain a wide spread, trading out to 13 1/4c from 13c while Dec/March meal trades from $4.80 to $4.90. Dec wheat/corn moves from 1.00c to 1.02 3/4c. PALM OIL Up 2 ringgits. SGS estimated palm oil product exports over the Aug. 1-10 period at 475,555 mt, up 29.8 percent over their July 1-10 estimate. NEWS Stocks take back all of yesterday's rally with a 350 point drop this morning as China does not reciprocate the move by the White...
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.