SPREADS Sep. crush firms to 86.52c/bu, while oilshare is back below 34.0% to trade down to 33.79%. Sep/Dec corn trades out to 11c from 10 3/4c. Sep/Dec wheat trades from from 6 1/4c out to 6 1/2c. August/Nov bean inverse falls to 3 3/4c from 5c, and vs. an 11c inverse. Sep wheat /corn trades from 2.14 3/4c up to 2.17 1/2c. PALM OIL Holiday NEWS Stocks are 48 pts higher with crude oil firmer at $40.55/barrel. Futures have been congesting tightly around the $40/barrel level. The fan-favorite trade continues, that is to buy gold, (which trades to $1981.10/oz), and sell the US dollar, (which trades to 92.54). CALLS Calls today are as follows: beans: 2 1/2-3 1/2 higher meal:&nb...
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.