SPREADS October crush trades to 91.38c/bu, while oilshare trades to 34.86%. Corn spreads are firmer with Dec/Dec moving into 28 1/4c from 30c, and vs. values that were as wide as 40c. Sep/Dec corn trades into 13 1/4c from 14c. Sep/Dec wheat trades from 7c to 7 1/2c carry. Sep/Nov beans trades from 5 3/4c out to 6 3/4c, while Nov/Jan trades from 7c to 7 1/2c. Dec wheat/corn trades from 1.81c down to 1.77 1/2. PALM OIL Nov. crude oil palm oil down 48 ringgits lower dragged down by a weak partial August exports data and a stronger ringgit. Malaysian palm oil exports for Aug. 1-25 were seen down between 14% and 16%, according to AmSpec Agri Malaysia and cargo surveyor Intertek. NEWS Out...
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.