SPREADS Dec crush slightly weaker moving down to 89.98c/bu while oilshare moves down to 33.47%. Jan/March beans firm to 12 1/2c after the bean receipts were stopped. Dec/March corn remains firm trading into 8 1/4c /9c. Dec 19/Dec 20 corn moves into 16c from 17 1/2c. Dec wheat/corn trades from 1.15 3/4c to 1.19 1/2c. PALM OIL November down 19 ringgits on profit-taking. NEWS Stocks are trading higher with the Dow up 110 pts to begin the session. Crude oil is firmer trading to $54.07/barrel. The US dollar firms off lows of 97.16. CALLS Calls today are as follows: beans: 2-3 higher meal: 1.30-1.50 higher soyoil: steady corn: 1/2-1 lower wheat: mixed/easier...
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.