SPREADS Sep. crush was 1.14c/bu while oilshare traded 45.76%. August / Nov bean inverse jumps to 1.17c from 1.13c, while Sep/Nov inverse firms to 1.12 1/4c from 11c. Sep/Dec meal trades from $1.60 to $2.20 carry. Sep/Dec corn trades out to a 3 1/4c carry from what was an inverse. Dec/March corn trades from 7 3/4c carry to 8c. Sep/Dec wheat moves out to 14c as the roll continues from 12c. Dec wheat/corn trades from 1.74c to 1.77c. PALM OIL Closed for holiday. NEWS Stocks are trading 20 pts lower with crude oil at $68.05/barrel and the US dollar trading at 93.10. CALLS Calls are as follows: beans: 3-5 higher meal: 2.80-3.20 higher soyoil: 5-10 higher corn: 1 1/...
What You Need to Know Today: American and Mexican officials met Tuesday and will meet again Wednesday for another round of trade talks, where ag and energy will be a key topic. Another round is scheduled for 20 July. Ag groups are urging President Trump to renew USMCA for another 16 years, but...
Since the first U.S. case of New World Screwworm (NWS) was confirmed on 3 June, USDA has confirmed 12 cases. The latest was confirmed in a sheep on 12 June, with four additional cases confirmed in Texas on 11 June, three in cattle and one in a goat. The New Mexico case confirmed that the infect...
Key Takeaways: China has invested heavily in the Port of Chancay to strengthen trade links between South America and Asia. The port could reduce shipping times to China by up to two weeks and improve export competitiveness. Inland transportation infrastructure remains the primary obstacle to r...
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.