SPREADS Nov crush trades down to 1.04c/bu while oilshare trades down to 32.75 percent. Dec 19/Dec 20 corn trades out to 40 1/4c from 39 3/4c. Dec/March corn continues its tight range from 12 3/4c to 13 1/4c. Dec/March meal widens out to $5.00 from $4.90. Dec wheat/corn trades from 1.06 1/4c to 1.03 1/2c. PALM OIL Nov closed up 21 ringgits. NEWS The Dow is up. Employers added a modest 130,000 jobs in August, staying at historically lower levels, while the unemployment rate was unchanged at 3.7 percent for the 3rd consecutive month, remaining near a 50-year low. Crude oil trades to $54.91/barrel with the US dollar firmer again. Buy the US dollar/sell energies continues as a fan-favori...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
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...
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.