SPREADS May crush is slightly lower trading down to 1.02c/bu while oilshare trades to 34.31%. July/Nov beans trades out to 10 1/2c from 9 1/4c, while March/May meal widens out to $4.50 from $4.10. March/Dec corn trades out to 14c, while July/Dec widens back out to 2 3/4c from even. March wheat/corn trades from 1.79c to 1.83 1/2c. PALM OIL Holiday today. India's monthly palm oil imports from Malaysia could fall to the lowest level in nearly 9 years in January as the spat between the two countries has limited imports into India. Intertek estimated palm oil exports for Jan 1-25 at 1.022 mmt, down 1.3% from the 2.035 mmt shipped for Dec 1-25. NEWS Stocks are down over 400 pts as the glo...
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
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.