SPREADS July crush trades to 59.35c/bu, while oilshare trades firmer to 39.31%. Spreads are firmer with July /Nov beans trading from 1.38 1/4c to 1.42c. May/July beans trades from 8c inverse up to 8 3/4c. July/Dec meal trades from $11.00 inverse closing at $12.10. May/July wheat trades from 1 1/2c to 2 1/4c carry. July/Dec corn trades back up to 71c from 67c as new buying sets in. Look for the possibility of further strength back towards 80c. May/July corn trades up to 15c inverse from 14 1/4c. PALM OIL June closes up 81 ringgits at 3,811 ringgit/mt. AmSpec Malaysia estimated FH palm oil exports at 585,510 mt, up 13% vs. FH March estimates. NEWS Stocks are up 150 pts wit...
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.