SPREADS Dec crush trades to 87c/bu while oilshare falls to 33.40 percent. Bean spreads widen out to 13 1/2c from 12 3/4c for Nov/Jan while Jan/March narrows into 12c from 12 1/4c. Dec/March corn narrows into 11 1/4c from 11 1/2c and values that were 13c. Dec/March wheat trades from 6 1/4c to 6 1/2c. PALM OIL Nov down 20 ringgits. Focus is on continued hot and dry weather, but that is not the main factor in market direction. Malaysian cash offers for Oct. delivered RBD palm oil traded $5/mt lower ending at $530.00/mt. Cash markets are lower as refiners struggle with the lack of Indian olein demand after Malaysia lost the differential duty advantage recently. India is swimming in...
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.