GOOD MORNING, The week is going to head into trading range highs and lows with price action dominated by ideas surrounding the January 'final' USDA WASDE report. Also to be released is the Quarterly stocks as of Dec. 1, along with the USDA monthly updates on US and world supply and demand. Calls today are mixed, as oilshare regains its footing, and what appears to be more buy bean/sell corn trade. First up is the report with the signing of the US / China trade deal not far behind. Traders are looking for more clarity on the shopping list by China. For this week, bean export inspections yesterday showed a total of 5 cargoes of beans headed to China, 3 out of the Gulf and 2 off the PNW. As to future...
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.