SPREADS August crush trades to 1.11c/bu while oilshare firmer to 36.28%. The expiration of July options dials down open interest tallies. The Jly/Nov bean inverse falls to 57 3/4c from 63c, new lows. Sep/Dec meal carry trades wider to $5.20 from $3.90. July/Dec corn inverse strengthens to 1.23c from 1.18c. Sep/Dec corn inverse trades from 10 1/4c to 11 1/2c. Dec/March wheat trades from 6 to 6 1/2c carry. Dec wheat/corn trades from 1.34c to close at 1.39 1/2c. PALM OIL Sep. palm ended 19 ringgits lower ending at 3,501 ringgit/mt. NEWS Crude oil trades to $74.45/barrel. The US dollar is firmer trading up to 92.01 with stocks 48 pts lower. CALLS Calls are as follows: be...
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.