Price changes in the soy complex today depended on how the market interpreted any news of the Brazilian truckers' strike. Wheat was inexplicably strong today with corn following its lead. General Comments It was another rock-and-roll day across the soy complex. Prices changed, depending on how the market interpreted any news of the Brazilian truckers' strike. There really wasn't anything "firm" reported today. Fines are apparently being imposed, but that hasn't stopped the protest yet. The concern for soybeans is twofold. It is slowing/stopping soybean deliveries to port facilities and has similarly impacted fuel deliveries. A fuel shortage is developing that could affect the harvest pace. Wheat and soybean markets were simply strong all...
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.