SPREADS May crush is lower trading back under 1.00c/bu top lows of 96.37c/bu. Crush trades down to 33.86%. Corn spreads are weaker with July/Dec trading from 1/4c to 1/2c carry. March/May wheat inverse trades from 1 3/4c down to 1/4c. July/Nov beans narrows into 11 1/4c from 12 1/2c. March/May meal trades out to $5.50 from $5.20. March wheat/corn trades from 1.71c to 1.67c. PALM OIL April up 16 ringgits. On Saturday, India announced that they would increase the crude palm oil import tax to 44% from the prev. 37.5% rate. The increase appears to be aimed at boosting local oilseed production, though traders say the move may also push buyers to increase soyoil and sunflo...
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.