SPREADS May crush trades to 68c/bu while oilshare trades higher to 34.92%. Spreads are firmer with July/Dec corn trading from 77 3/4c up to 82c inverse, with May/July firming from 11 1/2c from 13c. May/July wheat inverse trades from 14c to 10 1/4. July wheat/corn trades from 1.08 1/2c up to 1.12 1/2c. PALM OIL April closed 6 ringgits higher. Palm oil was higher with AmSpec showing Malaysian exports were up 27% on the month during Feb. 1-15. NEWS Stocks are up 100 pts to new highs with the US dollar trading to 90.11, and crude trading over $60/barrel this morning, new monthly highs. CALLS Calls are as follows: beans: 8-10 higher meal: 80-1.00...
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.