SPREADS July crush trades higher from lows of 75c/bu to 85c/bu with oilshare just under 31.0% to 30.91%. July /Dec corn trades into 13 1/2c from 14c while May/July wheat trades from into 13 3/4c from 14 1/2c. July /Nov beans trades from 5 3/4c to 6 3/4c. July wheat/corn trades from 1.83c down to 1.79c. July/Dec meal trades into $4.70 from $5.10. PALM OIL Malaysian cash offers for June delivered RBD palm oil and olein traded down $2.50 /mt lower at $517.50/mt and $520.00/mt, respectively. NEWS Stocks are down over 245 pts. as more global concerns about economies continues. More than 2.9 mln workers applied for unemployment benefits last week, with 36.5 mln total applications in two months of th...
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.