SPREADS Sep. crush trades higher to 89.51c/bu while oilshare trades over 35.0% to new highs of 35.30%. Sep/Nov beans trades from 2 3/4c to 3 3/4c carry. Sep/Dec corn trades from 10 3/4c to 11c. Sep/Dec meal trades from $6.00 to $6.40 carry. Wheat spreads are wider, with Sep/Dec trading from 7 3/4c out to 8 1/4c. PALM OIL Oct. up 37 ringgits on expectations for lower July production and inventories. Palm touched its highest level since Feb. 10. Strong palm oil prices continue to support soyoil futures. NEWS The Dow is off 59 pts in early trade as crude oil congests around $40/barrel. The US dollar trades down to 93.27. CALLS Calls today are as follow...
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.
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...