SPREADS May crush trades to 67c/bu while oilshare trades to 34.62%. Corn spreads continue to weaken post Feb. report with July/Dec trading down to 79 1/4c from highs over 93c. May/July corn remains fairly firm trading down to 14c from 14 3/4c contract highs. July/Nov bean trades down to 1.85 3/4c inverse from 1.91c. March/May beans inverse trades from 3 1/4c to 2 1/2c. May wheat/corn trades from 98c to 1.00 1/2c. PALM OIL April palm oil up 54 ringgits at 3,636 due a jump in Feb. 1-10 exports vs. a month ago. The Malaysian Palm Oil Board forecast Jan. ending stocks at 1.324 mmt, which is higher than expected at 1.287 mmt, and up from 1.265 mmt mo ago. Jan 2021 production was 1.126 mmt vs. 1...
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.