When summertime grain markets are weak due to perceptions of large crops and abundant supplies, they typically find seasonal lows during the last days of August or the early few days of September. General Comments Grain and soy prices continued to grind slowly lower during overnight trading amid mostly average volume. Another sharp drop on the part of the U.S. dollar to its lowest level in two years has not changed the philosophically bearish mindset that has prevailed ever since the post-August WASDE rally ran out of gas. The U.S. Labor Day holiday is 4 September, which represents the symbolic end of summer even if the calendar says that autumn will not begin for another two-and-a-half weeks. When summertime grain markets are weak due to...
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.