GOOD MORNING, Prices are mostly lower today as good crop conditions were confirmed in the USDA report. Conditions improved more than expected for beans, and were unchanged for corn. That mostly assures that good crops are coming. STONEX, (formerly FC Stone), forecast 2020 corn yield at 182.4 bpa, with production at 15.230 bln bu. The also forecast beans with a 54.2 bpa and a 4.496 bln bu carry-out. Corn and beans are lower this morning. Soyoil is the only market that is in the green on the back of rising oilshare amidst good veg - oil demand. The USDA August 12 report will include a farmer survey. WEATHER Cooler and slightly drier conditions are in store for much of the Midwest this...
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.