SPREADS May crush trades to 1.03c/bu while oilshare trades down to 34.36%. Spreads are a touch wider with July/Dec corn trading back out to 2c from 1/4c carry and March/Dec trading out to 12 1/2c from 10 1/2c. July/Nov beans widen back out to 9 3/4c from 8 1/4c. March wheat/corn trades from 1.78c down to 1.73 1/4c. March/May meal trades a fairly tight $4.30 to $4.50 carry. PALM OIL Down 65 ringgits ending at 2,648 / mt NEWS Equities are lower down 200 pts as concerns intensify over the spread of the coronavirus. Crude trades down to $51.95/barrel with the US dollar down to 97.84. CALLS Calls today are as follows: beans: 6-9 lower meal: 80-1.00 lower soyoil: 40-50 lo...
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.