SPREADS October crush trades to 79.41c/bu while oilshare trades to 35.0%. Nov/Jan beans trades from 5 3/4c to 6 1/4c. Dec/March corn trades from out to 9 3/4c from 9 1/4c, while Dec/Dec trades out to 25 1/4c from 22 3/4c. Dec wheat / corn trades from 2.07c down to 2.01 1/2c. Dec/March wheat trades from 7 3/4c out to 8 1/4c. PALM OIL November closed up 25 ringgits, though lower exports in August capped off better gains. The market is focused now on August production, however, rather than the drop in exports. A higher palm oil trade helps soyoil futures to stabilize. NEWS Stocks are up 132 pts with crude oil trading up to $43.21/barrel. The US dollar trades up to 92.71. &nb...
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
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.