SPREADS Jan crush trades 1.27c/bu while oilshare trades to 30.79%. Cash markets are breaking a bit this morning which is also pressuring the spreads. Dec/March corn trades back out to 5c from 3 1/2c carry, while the Dec/Dec spread inverse falls to 9 1/4c from 13 3/4c. Dec/March meal inverse congests from $18.50 to $17.50. Jan/March beans trades from 9 1/2c inverse weakening to 7 1/2c. Nov/Jan beans trades back out to 2 1/4c carry from 3/4c on heavier than expected deliveries. PALM OIL Jan. closed down 44 ringgits ending at 3,007 ringgit/mt. NEWS The stock market is 225 pts lower with crude oil trading down to $35.35/barrel. CALLS Calls are as follows: beans: 7-9 higher mea...
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.