The stronger U.S. dollar, talk that Ukraine was offering corn below U.S. prices and the overall selling mood in all commodities together eventually pushed corn to moderate losses. There is also a persistent rumor that Ukrainian corn might be headed for the U.S. General Comments Today was Friday the 13th and also the last trading day for March futures. Markets were quiet overnight but turned decidedly lower in today's session with soybeans leading the downward move. Corn and wheat traded higher early before eventually also dropping down by mid-morning. Crude oil was weak as U.S. supplies continue to build. The U.S. dollar just continues to rise. There was a prediction from Goldman Sachs that the euro would drop to $.85 by the end of 2017...
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.