SPREADS July crush trades to 82c/bu while oilshare trades to 44.85%. Bean inverses weaken while corn inverses strengthen. Jul/Nov bean spread inverse breaks down to 1.66c from 1.77 1/2c, while July/Dec meal firms from $9.50 to trade up to $11.10 inverse. July/Dec corn inverse closes on the highs at 1.19 1/4c from 1.13 3/4c. Look for likely further highs after the open. Sep/Dec corn inverse trades from 27c to 29c. July wheat/corn trades from 37 3/4c down to 31c. PALM OIL August palm closed down 157 ringgits closing at 4,300 ringgit/mt. The Malaysian Palm Oil Board noted the gov. has kept the June crude palm oil export tax at 8%, the maximum amount. NEWS Stocks are 408 pts lower with...
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.