THE OPEN July beans: 3 higher July meal: .50 higher July osyoil: 15 higher July corn: 1 1/4 higher July wheat: 3 1/2 higher The markets opened in line with trade expectations. Short-covering was noted in grains, particularly in wheat, while the soy complex worked higher led by soyoil. Beans were firmer as they drew light support from soyoil and end-of - week short-covering. Higher energy prices helped corn and soyoil prices to firm from the open. At 11:00 NOPA crush was released as follows: NOPA April 2020 US bean crush: 171.754 mln bu vs. expected 170.5 mln bu NOPA April 2020 US Soyoil stocks: 2.111 bln lbs vs. expected 2.08 bln lbs Meal exports: ...
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.