SPREADS August crush trades to 86.89c/bu while oilshare trades to 32.52%. Corn spreads remain firm as traders begin to spread July contracts forward. July /Sep trades from 4c to 4 1/2c while July/Dec trades into 12 1/2c to 13c. July/Nov beans trend weaker trading from 8 3/4c to 10 3/4c. July/Dec meal narrows back into $8.70 from $9.20. July/Dec wheat trades from 11 1/2c to 12c. PALM OIL August crude closed up 27 ringgits, with cash offers for RBD palm oil and olien unchanged at $562.60/mt and $565.00/mt, respectively. Palm oil inventories are seen rising on lower exports, though demand is expected to recover from June onward as countries ease lockdown restrictions. NEWS Stocks are down 100 pts...
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.