Wheat: Net sales of 328,500 metric tons for 2019/2020 were up 16 percent from the previous week, but down 12 percent from the prior 4-week average. Corn: Net sales of 562,600 MT for 2019/2020, primarily for Mexico (361,100 MT, including 22,000 MT switched from unknown destinations and decreases of 2,100 MT), Japan (88,000 MT, including 37,000 MT switched from unknown destinations and decreases of 11,300 MT), Canada (44,000 MT, including decreases of 400 MT), unknown destinations (42,300 MT), and Jamaica (16,000 MT), were partially offset by reductions for Thailand (38,400 MT) and Costa Rica (300 MT). For 2020/2021, total net sales of 2,500 MT were for Canada. Exports of 458,300 MT were primarily to Mexic...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.