SPREADS Dec crush trades to 77.83c/bu while oilshare is back below 33% to 32.96%. Corn spreads weaken with Dec/March trading out to 11 3/4c from 11c, and Dec 19/Dec 20 corn back out to 19c from 16 1/2c. Dec wheat/corn trades from 1.14 1/4c to 1.16 3/4c. Dec meal trades from $6.20 to $6.30. Nov/Jan beans trades from 14c to 14 3/4c while Jan/March trades from 10 3/4c to 11c. PALM OIL Dec up 46 ringgits. Malaysian cash offers +10/mt higher, following Chicago performance yesterday. NEWS Equities are lower, down 50 pts, on more geopolitical tensions between Washington/US which could threaten to derail the trade war initial phase one. Crude oil trades down to $52.51/barrel, with the...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.
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...