SPREADS October crush trades to 73.82c/bu while oilshare trades to 34.78%. Spreads are slightly weaker today with Nov/Jan trading out to 3 3/4c from lows of 2 3/4c. Dec/Dec corn trades back out to 21 1/2c from 19c, and Dec/March trades from 9c to 9 3/4c. Dec wheat/corn trades from 1.75c to 1.72c. PALM OIL November up 82 ringgits, with cash offers up $27.50/mt, hitting its highest level since Jan 24. Palm oil prices are trading sharply higher on bullish soyoil. Cargo surveyors are expected to release data on export volumes on Tuesday. NEWS Stocks are higher this morning, up 260 pts. with crude oil trading down to $36.85/barrel. The US dollar falls to 92.98. CALLS Calls are as...
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.