SPREADS Dec crush trades up to 1.00c/bu while oilshare trades to 45.98%. Spreads trade from 7 1/2c to 7 3/4c for Dec/March, while Dec 21/22 inverse trades from a low of 19 3/4c to 22 1/2c. Dec /March wheat widens out to 12c from 11 1/2c. Dec wheat/corn trades down to 1.79 1/2c from 1.84 1/4c. Nov/Jan bean carry trades from 9 3/4c to 10c, while the Nov 21/22 inverse trades from 28c down to 26 1/2c. PALM OIL Malaysian palm oil cash offers were lower for RBD palm oil, down $5.00. NEWS Stocks are down 108 pts while crude oil trades to a new ctr high. CALLS Calls are as follows: beans: 5-7 lower meal: .80-1.00 lower soyoil: 30-50 lower corn: 1-1 1/2 lower wheat: 1-1 1/...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.