SPREADS March crush trades to 84.89c/bu while oilshare trades to 33.27%. Corn spreads are slightly weaker with July/Dec trading down to 48 1/4c from 54 1/4c. March/May wheat trades from 1/2c carry to 1 1/2c. March wheat/corn trades from 1.52 1/2 down through 1.50c to a low of 1.48c. March/May beans trades from 1 1/2c inverse to 1c, while March/May meal trades from $5.00 inverse to $3.00. The July/Nov bean inverse trades from 1.96c down to 1.84 1/2c. PALM OIL March down 60 ringgits. An oilseed analyst speaking at a webinar stated that while palm oil prices will stay high in Q1 2021, they may fall sharply in the later half as plantings pick up. NEWS Stocks are up 120 pts with crude oi...
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.