SPREADS July crush trades to 54,39c/bu while oilshare trades to 38.23%. July /Nov bean inverse weakens to 1.30 1/2c from 1.38 1/2c, while May/July trades from a new low of 4 3/4c to 6c. May/July meal trades out to new lows of 4.40 carry from $4.20, while July/Dec inverse falls to $13.90 from $15.00. May/July corn inverse trades from 14 1/4c to 15c, while JulyDec corn trades from 65c to 69 1/2c. July wheat/corn trades from 67 1/2c to 71c. PALM OIL June palm oil trades down 125 ringgits/mt lower ending at 3,642 ringgit/mt. Intertek estimated palm oil exports for April 1-10 period at 345,010 mt, up 11.3% vs. March. NEWS Stocks are lower trading down 45 pts as crude oil cont...
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.