SPREADS October crush trades down to 90.90c/bu while oilshare improves to 35.0%. Sep/Dec corn narrows into 13 1/4c from 14c, while Dec/Dec trades into 31 3/4c from 33c, and values that were out to 40c. Dec/March trades into 12 1/4c from 12 1/2c. Sep/Dec wheat trades from 7 1/4c out to 8c. Dec wheat/corn trades from 1.94c from 1.90 3/4c. Sep/Nov beans trades from 3 1/2c to 4 1/2c, while Nov/Jan trades from 6 1/2c to 7c. PALM OIL October down 18 ringgits. FGV, Maylasia’s top palm oil plantation, said they expected crude oil prices for the last half of 2020 to range between 2,400 to 2,600 ringgit/mt. May soften in the final quarter of 2020. NEWS Stocks are higher this morning, trading...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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.