Wheat: Net sales of 521,900 metric tons for 2019/2020 were up 59 percent from the previous week and 38 percent from the prior 4-week average. Corn: Net sales of 284,500 MT for 2019/2020, primarily for Colombia (109,300 MT, including 29,500 MT switched from unknown destinations), Japan (75,600 MT, including decreases of 3,200 MT), Mexico (37,600 MT, including decreases of 3,000 MT), unknown destinations (20,900 MT), and Costa Rica (12,300 MT, including 31,900 MT switched from unknown destinations and decreases of 22,600 MT), were partially offset by reductions for China (700 MT), Panama (200 MT), and Jamaica (200 MT). Exports of 474,400 MT were primarily to Mexico (214,900 MT), China (59,300 MT), Colombia (42,300 MT)...
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.