SPREADS Sep. crush trades to 92c/bu while oilshare is at 32.0%. July/Dec corn firms to 13 3/4c from 15c, while July/Sep. narrows into 4 1/2c from 5c. July wheat/corn trades from 1.90 1/2c down to 1.86c. July/Nov beans trades from 10 1/4c out to 11 1/2c. Bear spreading continues for this item. July/Dec meal widens out to $8.30 from $7.70. PALM OIL Holiday NEWS Stocks are sharply higher up over 500 pts as optimism continues on countries re-opening for business. Crude oil trades to $34.54/barrel with the US dollar trading down to 99.03. CALLS Calls today are as follows: beans: 3-5 higher meal: 80-1.00 higher soyoil: 25-35 higher corn: 1 1/2-2 higher...
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.