SPREADS July crush firms to 81.74c/bu while oilshare is steady at 31.14%. July /Dec corn trades into 13 3/4c from 14 1/4c, and values that were out to 19c. July/Nov bean trades from 4c to 5 1/2c. July/Dec meal trades from $4.50 out to $5.00. July/Dec wheat trades from 13c to 13 3/4c. PALM OIL Malaysian cash offers for RBD palm and olein for June delivery traded up $10/mt ending at $520.00/mt and $522.50/mt, respectively. NEWS Stocks are higher, up 90 pts, while crude firms to $26.05/barrel. The US dollar falls to 99.57. CALLS Calls are as follows: beans: mixed/lower meal: steady soyoil: 10-15 higher corn: 1 lower wheat: 3-5 lower BUSINESS USDA reports 396,000 mt of beans so...
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...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.