The severe unrest in Ukraine has the world grain trade casting a wary eye on Black Sea loadings, interior Ukrainian logistics and possible spring planting problems. General Comments Markets were given plenty to chew on today. Outside markets have U.S. stock indices higher despite mixed economic reports, including another drop in China's manufacturing index. However, various reports on U.S. economic activity in January that was plagued by bad weather were no worse than expected. The U.S. dollar index was up slightly, while crude oil, gold and copper closed lower.Considerable attention was focused on this morning's Outlook Conference presentation by USDA's Chief Economist Joe Glauber. He indicated that USDA is now projecting 2014 U.S. corn...
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.