SPREADS Jan crush trades to 1.28c/bu while oilshare is at 31.11%. Spreads are firm again, with Dec/Dec corn inverse trading up to 16 1/2c from 11 3/4c, and values that had dropped back to 8c. Dec/March corn trades back into a 5 1/4c carry from 6c. Dec/March wheat trades into 2 1/4c carry from 3 1/2c. Jan/March bean inverse trades down to 4 1/4c from 6 3/4c. PALM OIL Jan palm up 111 ringgits, finishing at 3,208 ringgit/mt. Malaysia's palm oil inventories dropped to a 3 year low in Oct. due to rainy weather and coronavirus restrictions hitting production while exports are expected to rise due to higher demand from India. Ahead of next week's Palm Oil Board data analysts are expecting Oc...
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.