GOOD MORNING, Prices are mixed this morning with some short-covering activity in corn, and continued long liquidation in beans and meal. Weather now becomes key as to where prices move next, and crop progress reports showed on-time plantings so far, and steady wheat ratings. Soyoil trades lower on the back of weaker crude, palm, and canola. Wheat trades lower on steady conditions and on time plantings of spring wheat. Corn looks to gain some ground on beans this AM, while meal prices struggle to find contract lows. WEATHER --US weather to turn warmer and drier next which, but remains cool and wet this week. Would not expect many advances in planting progress. In the Delta, moderate to heavy...
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.