SPREADS Dec crush falls to 85c/bu while oilshare corrects back towards 33 percent with a morning trade at 33.14 percent. Sep/Dec corn trades a touch weaker from 11c out to 11 1/2c, vs. values that were 13c. Dec 19/Dec 20 corn trades into 30 3/4c from 32c. Dec wheat/corn trades from 1.10 3/4c to 1.13c. Nov/Jan beans trade from 13 1/4c to 13 3/4c while Jan/March narrows into 11 1/2c from 12 1/4c. Dec/March meal narrows into $4.70 from $5.00. PALM OIL Nov down 40 ringgits. Cash is quiet with offers for Oct. delivered Malaysian RDB palm oil lower at $530.00 /mt. Palm fundamentals are bearish right now. Exports are looking sluggish and is weighing on the market, as traders are...
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.