SPREADS Sep. crush trades to 77.82c/bu while oilshare weakens down to 33.37%. The feature of the morning is the bean inverse, where August / Nov trades to new highs at 11c, up 4 1/4c. Sep/Nov trades from 1/4c inverse to 1 1/2c carry. Corn spreads continue to widen with Sep/Dec trading out to 9 1/4c carry. Sep/Dec wheat firms to 6 1/2c from 7c. Sep wheat/corn trades from 2.06 1/2cc to 2.07c. PALM OIL Oct. down 64 ringgits. NEWS Stocks are down 130 pts with the US dollar at 93.49 and crude oil trading down to $41.26/barrel. CALLS Calls today are as follows: beans: 10-12 lower meal: 3.30-3.50 lower soyoil: 35-40 lower corn: 3 1/2-4 lower wheat: 1 1/2-2 lo...
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.