SPREADS May crush trades to 90.61c/bu while oilshare trades at 34.52%, slightly firmer today. July/Nov beans trades from 4 1/2c to 6 1/4c, while March/May beans trades into 9c from 10c. July/Dec corn narrows into 3c from 3 1/4c. March /May wheat trades at even to 1/4c carry. PALM OIL April up 26 ringgits. The Malaysian Primary Industries minister said his gov. reserves the right to file WTO trade suit against the EU regarding restrictions on palm oil based on biofuel imports. NEWS The Dow trades either side of even in quiet trade as investors continue to monitor the pace of the coronavirus on the global growth scale. Crude is higher today to $52.30/barrel, helping soyoil futures. A...
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
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.