SPREADS Sep crush trades firmer at 97c/bu while oilshare firms to 31.25%. Buy soyoil/sell meal trade continues. Dec/Dec corn inverse trades firmer up to 26 3/4c from 21c, while Dec/March trades out to 7 1/2c from 6 3/4c. August/Nov beans trades from 17 3/4c out to 18 1/4. Sep/Dec wheat trades into 11 1/4c from 11 3/4c. PALM OIL - up 3 ringgits with more consumer activity noted. NEWS The Dow is mixed today with prices turning lower from higher, down 7 pts. Crude oil trades up to $58.36/barrel while the US dollar is weaker at 97.30. Calls today are as follow: beans: 4-6 higher meal: 1.40-1.80 higher soyoil: 18-22 higher corn: 4 1/2-5 higher wheat:&n...
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.
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...