The Market The trade shook off earlier concerns about Brazilian flooding and instead focused this week on the good start to the U.S. soybean crop, and Argentinian beans and coproducts ready to hit the market. The result was July soybeans fell 3.4 percent to 1205/bushel, and November soybeans dropped 2.8 percent to 1184.5/bushel. Soymeal had been carrying the complex but this week it was soyoil that came out on top. July soymeal lost 5.6 percent to end at 364.7/bushel. July soyoil managed a 0.57 percent gain on the week and is now valued at 45.52/pound. Not bad since it hit a new contract low just three weeks ago. Malaysian August palm oil futures rose 45 ringgits on Friday and logged a weekly gain due to larger exports. However, July cano...
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.