SPREADS July crush trades to 87.42c/bu while oilshare trades firmer at 31.36%. July/Sep corn trades from 4c to 4 1/4c, while July /Dec firms into 13 1/2c from 13 3/4c. July/Dec wheat trades from 11 3/4c out to 13c. July/Nov beans trades from 6 1/2c out to 7 3/4c today. July/Dec meal trades from $4.80 out to $5.50. PALM OIL June up 58 ringgits, as the Malaysian Palm Oil Board said the gov. announced it lowered their crude palm oil export duty for June to 0% from 4.5% in May. NEWS Stocks were lower today down 218 pts on renewed trade tensions continue between the US / China. Stock market weakness was noted after the Trump administration moved to block shipments of semiconductors to Huawei 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.