SPREADS July crush firms to 81.74c/bu while oilshare is steady at 31.14%. July /Dec corn trades into 13 3/4c from 14 1/4c, and values that were out to 19c. July/Nov bean trades from 4c to 5 1/2c. July/Dec meal trades from $4.50 out to $5.00. July/Dec wheat trades from 13c to 13 3/4c. PALM OIL Malaysian cash offers for RBD palm and olein for June delivery traded up $10/mt ending at $520.00/mt and $522.50/mt, respectively. NEWS Stocks are higher, up 90 pts, while crude firms to $26.05/barrel. The US dollar falls to 99.57. CALLS Calls are as follows: beans: mixed/lower meal: steady soyoil: 10-15 higher corn: 1 lower wheat: 3-5 lower BUSINESS USDA reports 396,000 mt of beans so...
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.