Wheat: Net sales of 612,000 metric tons were reported for delivery in marketing year 2019/2020. Corn: Net sales of 294,900 MT for 2018/2019 were up noticeably from the previous week and up 7 percent from the prior 4-week average. Soybeans: Net sales of 168,200 MT for 2018/2019 were down 71 percent from the previous week and 61 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 28,700 MT for 2018/2019--a marketing-year low--were down 74 percent from the previous week and 78 percent from the prior 4-week average. Soybean Oil: Net sales of 19,200 MT for 2018/2019 were up noticeably from the previous week and up 28 percent from the prior 4...
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.