SPREADS May crush trades to 66.32c/bu while oilshare trades to 34.0%. Spreads leak lower with July/Dec corn inverse trading down to 85 1/2c from 91c, while May/July trades from 12 1/4c to 10 1/2c, and down from ctr highs of 14 1/4c. July/Nov bean inverse trades off to 1.81 3/4c from 1.92 3/4c, while March/May trade from a 3 1/4c inverse to 2c. March/May meal trades from $2.70 to $2.00. March wheat/corn trades from 1.00 to 1.07c. PALM OIL April down 93 ringgits NEWS Outside markets show stocks up 200 pts with crude oil reaching new highs at $55.14/barrel, and the US dollar firming to 91.18. CALLS Calls are as follows: beans: 20-22 lower meal: 6.00-6.60 lower soyoil: 50-60...
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.