With the exception of soyoil, the soy complex gave us a small bounce overnight and this morning. The November contract set new contract lows yesterday at $10.01, but couldn't penetrate the $10 level. That will likely happen next week if weather forecasts turn warmer. General Comments Markets firmed overnight after setting new contract lows yesterday in corn, wheat and soybeans. They have taken a pounding this week as the chatter continues to center around big yields getting bigger and no frost or cold weather in sight. The weather situation began to change a bit yesterday when extended forecasts started to look cold late next week. Those forecasts turned colder overnight, and now some weather folks are talking about a frost/freeze across...
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.