SPREADS Jan crush trades firmer at 1.28c/bu while oilshare trades back down to 30.37%. Spreads are firmer with Dec/Dec corn now inverting to 22 1/2c from 19c, while Dec/March trades into 1 3/4c from 2 3/4c carry. Jan/March inverse congests again from 14c to 13 1/4c. Dec/March meal inverse is very strong at 20.00 to 17.90. Dec/March wheat trades at a small carry, but did go into an inverse this week. Dec/wheat corn trades from 2.11c to 2.05c. PALM OIL Malaysian palm oil futures closed unchanged at 2,943 ringgit/mt. Cash offers rose for RBD palm and olein by $5/mt. NEWS Equities are 90 pts. higher with crude trading up to $40.92 /barrel, and the US dollar lower at 92.66. ...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has 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.