SPREADS October crush trades down to 90.90c/bu while oilshare improves to 35.0%. Sep/Dec corn narrows into 13 1/4c from 14c, while Dec/Dec trades into 31 3/4c from 33c, and values that were out to 40c. Dec/March trades into 12 1/4c from 12 1/2c. Sep/Dec wheat trades from 7 1/4c out to 8c. Dec wheat/corn trades from 1.94c from 1.90 3/4c. Sep/Nov beans trades from 3 1/2c to 4 1/2c, while Nov/Jan trades from 6 1/2c to 7c. PALM OIL October down 18 ringgits. FGV, Maylasia’s top palm oil plantation, said they expected crude oil prices for the last half of 2020 to range between 2,400 to 2,600 ringgit/mt. May soften in the final quarter of 2020. NEWS Stocks are higher this morning, trading...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.
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...