SPREADS Dec/March corn spread trades firm into 11c from 11 1/4c, while Dec 19/Dec 20 trades from 30 1/4c to 31 1/2c. Nov/Jan bean spread trades from 13 1/4c to 13 1/2c, and Jan/March trades from 11c to 11 1/4c. Dec wheat/corn trades from 1.08c to 1.07 1/4c. Dec/March wheat trades from 6 1/2c to 7c. Dec oilshare falls to 32.69% after breaking 33%, while crush trades to 86c/bu. PALM OIL Malaysian Oct cash offers of RBD palm oil fell another $5.00/mt lower, impacting soyoil futures which are lower again this morning. NEWS Equities are 48 pts higher with US retail sales up 5.2% for the week ending Sep 21. Crude remains in the red trading down to $57.87/barrel while the US dollar t...
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.