SPREADS Jan crush trades to 1.17c/bu, lower than in recent days but still positive. Jan oilshare trades to 31.69%. Dec/March corn spreads remain active trading out to 7 3/4c today from 7 1/4c. Dec/Dec corn inverts to a 13c high from 9 3/4c. Dec/March wheat trades from 7 3/4c carry to 8c. Nov/Jan spread trades out to 8 1/2c carry from 7 3/4c on more deliveries. Jan/March inverse trades from 3 1/2c down to 2c. Dec wheat/corn trades from 1.89c to 1.87c. PALM OIL Jan settles at 3256 ringgits. Malaysia's Oct. inventories hit their lowest level since June 2017, contracting from 8.6% from month ago to 1.57 mmt, according to the regulator of the Malaysian Palm Oil Board (MPOB). DELIVERIES Nov bea...
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.