SPREADS July crush firms again to 98c/bu, while oilshare tests 31.0%. May/July meal widens out to $4.60 from $3.80, while July/Dec trades from 1.60 to $2.10. July/Nov beans trades from 7 1/2c out to 7 3/4c. July/Dec corn narrows in a touch after trading out to 16 3/4c yesterday, trading into 15 3/4c. July/Dec wheat trades from 12 1/2c to 13 3/4c carry. July wheat/corn trades at 2.13 1/4c. PALM OIL June down 36 ringgits, at a more than six-month low, hurt by the country's decision to delay its biodiesel mandate, while prospects of higher output and slower exports due to the virus weighed on sentiment. Malaysia's cash offers for RDB palm oil and olein traded down $15.00/mt, ending at $5...
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.