SPREADS October crush trades firmer to 1.10c/bu while oilshare trades firmer at 32.72%. Corn spreads are firmer with Dec/March trading into 11 3/4c from 12 1/4c. Dec 19/20 corn trades from 35 1/4c new lows into 33 1/4c. Nov/Jan beans narrow into 13 3/4c while Dec/March meal trades into $4.20 from $4.40. PALM OIL Malaysian palm oil rose to 6-month highs as Sep. production is in question. August 1-20 Malaysian palm oil exports are estimated to be up 6-8 percent from the prev. month period. NEWS Stocks are higher, trading up 50 pts., while jobless claims decreased last week down 12,000 to 209,000 for the week ending Aug. 17, as reported by the Labor Dept. REPORTS Export sales:...
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.