SPREADS Dec/March corn spread trades firm into 11c from 11 1/4c, while Dec 19/Dec 20 trades from 30 1/4c to 31 1/2c. Nov/Jan bean spread trades from 13 1/4c to 13 1/2c, and Jan/March trades from 11c to 11 1/4c. Dec wheat/corn trades from 1.08c to 1.07 1/4c. Dec/March wheat trades from 6 1/2c to 7c. Dec oilshare falls to 32.69% after breaking 33%, while crush trades to 86c/bu. PALM OIL Malaysian Oct cash offers of RBD palm oil fell another $5.00/mt lower, impacting soyoil futures which are lower again this morning. NEWS Equities are 48 pts higher with US retail sales up 5.2% for the week ending Sep 21. Crude remains in the red trading down to $57.87/barrel while the US dollar t...
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.