Note: The Technical Perspectives launch period will be closing soon and your access to these reports will end on Tuesday, 17 September 2019. To continue accessing this information, please let us know by emailing Matt Herrington at mherrington@agrilink.com. THE OPEN Nov beans: 3 lower Dec meal: 1.40 lower Dec soyoil: 29 higher Dec corn: 2 1/2 higher Dec wheat: 1 1/2 higher The markets opened as called with soyoil values trading sharply higher on the heels of firming crude. Buy corn/sell beans and buy soyoil/sell meal trade were features for the day. Fund buying was noted from the open in all the markets, but volumes were surprisingly subdued. The release of strategic...
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.