SPREADS August crush trades higher to 88.88% with oilshare firmer at 32.93%. July contracts are beginning to get rolled forward which tightens up the spread. July/Dec corn trades into 12 1/4c from 12 3/4c. July/Sep corn trades from 3 3/4c to 4c. July/Nov beans weakens out to 13c from 11 1/2c. July/Dec meal trades from $7.70 out to $8.30. July wheat/corn trades from 1.91c to 1.88c. July/Sep wheat narrows into 12 1/2c from 13c. PALM OIL August up 52 ringgits. Prices closed higher as lower output of the commodity is expected for May, with demand continuing to recover. Buying has resumed for both China and India as gov. eases lock-downs. NEWS Stocks are up 150 pt...
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.
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...