SPREADS October crush trades at 1.08c/bu while oilshare is a firmer trading to 32.79 percent. Bean spreads remain wide with Nov/Jan trading out to 14 3/4c from 14 1/4c. Dec/March meal trades from $4.50 to $4.60. Dec 19/Dec 20 corn remains weak trading out to lows at 37c, but closing at 35c as traders book profits. Dec wheat/corn trades from 1.10c from 1.04 1/4c. PALM OIL October up 3 ringgits - SGS estimated palm oil exports for the Aug. 1-25 period at 1.365 mmt, up 18.0 percent vs. year ago. NEWS The Dow is up over 190 points responding to more positive developments from the G-27 meeting and headlines of a cut-back in trade escalations between the US/China. The US dollar trades higher, up to 97.99 w...
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.