SPREADS Sep. crush slides to 70c/bu while oilshare trades at 33.30%. Bean spreads remain very strong. August/Nov bean inverse strengthens to 4 1/2c from 3 1/2c, while Sep/Nov narrows into 1 3/4c from 2 1/4c. Sep/Dec corn narrows into 7 1/2c from 7 3/4c. Sep/Dec wheat trades into 2 1/2c from 3 3/4c. Sep wheat/corn trades up to 2.23 1/2c from 2.17 1/2c. PALM OIL Sep. down 12 ringgits after hitting its highest level since Feb. 24, citing poor sales to India. NEWS Stocks are lower down 180 pts with the US dollar trading top 96.32. CALLS Calls are as follows: beans: 4-5 1/2 higher meal: 1.40-1.80 higher soyoil: mixed corn...
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.