SPREADS Dec oilshare trades to 87.59c/bu while oilshare trends down to 32.77 percent. Corn spreads widen today with Dec/March trading back out to 12c from values that had narrowed into 10 3/4c. Dec 19/Dec 20 corn trades from 29 3/4c to 31c. Dec/March wheat trades closes into 6c from 6 1/2c. Dec wheat/corn trades from 1.07 1/2c to 1.11c. Dec/March meal widens back out to $5.30 from values that had narrowed into $4.60. Jan/March beans trades from 11 1/2c out to 12 3/4c, while Nov/Jan widens out to new lows at 14 1/2c. PALM OIL Nov. up 23 ringgits and cash offers up $5.00/mt. India edible industry officials suggested that increased import tax on palm oil could prompt domestic...
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.