Note: There will be no Technical Perspectives reports on Friday, 22 May. SPREADS July crush trades to 83.50c/bu while oilshare trades to 32.43%. July/Dec corn trades from 14 1/4c from 15c, while July/Sep trades from 4 1/2c to 5c. July/Nov beans trades out to 8 1/2c from 7c. July/Dec meal trades from $7.40 top $8.40. July wheat /corn trades from 1.97c to 2.01. July /Dec wheat narrows into 8 1/4c from 9 3/4c. PALM OIL Futures traded to the highest level in a month on signs that India and China have started to increase imports. Futures rose 2.3% to the highest since April 20 after Malaysia said Indian buyers booked palm supplies for June and July. NEWS Stocks were slightly...
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
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.