SPREADS Dec crush at 91.46c/bu while oilshare trades to 33.45 percent, correcting lower today. Dec/March corn narrows into 11c from 11 1/4c, and values that were out to 13c. Dec 19/Dec 20 corn narrows into 33 1/2c from 34c, also continuing to see moderate strength. Nov/Jan beans slightly firmer at 13 1/2c from 14c and Dec/March meal trading from $5.00 to $5.20. Jan/March 20 bean spread trades into 12 3/4c from 13c. Dec wheat/corn trades from 1.20 1/2c to 1.15c. PALM OIL Cash markets are lower. NEWS Stocks are moderately higher up 30 pts in early trading, with crude oil the main feature in the macro world trading up to $59.64/ barrel. The US dollar is weaker trading down to 98.24. &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.