SPREADS March crush trades to 98c/bu while oilshare is at 36.52%. July/Dec corn trades from 2c to 2 1/2c, while March/May narrows into 6 3/4c from 7c. July/Nov beans trades from 1 1/2c to 3 1/2c, settling in the middle this morning at 2 1/4c. March/May wheat trades from 3c to 3 1/2c. March wheat/corn trades from 1.71 1/4c down to 1.69 1/2c. PALM OIL March closed 72 ringgits higher. Ahead of Malaysian Palm Oil Board data to be released on Jan 10, analysts are expecting Dec. production at 1.34 mmt, down 13% from Nov. Dec ending stocks are estimated at 2.06 mmt, down 8.5% from Nov, and at their lowest level since 2017. Exports of palm oil for Dec. are forecast around 1.3 mmt, which would be 5...
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.