SPREADS Sep. crush trades to 75.40c/bu, while oilshare trades back below 34.0% to 33.44%. The nearby bean August/Nov inverse congests from 5 1/2c to 6 1/2c, while Sep/Nov trades from even to 1c carry. Sep/Dec corn widens out to 9c from 8 3/4c. Sep/Dec. wheat trades from 5 3/4c to 6 3/4c. SEp wheat/corn trades from 2.10 1/2c down to 2.05 1/4c. PALM OIL Oct. down 107 ringgits. Indonesia's trade ministry announced it will keep its August crude palm oil export tax unchanged at zero. Interket estimated Malaysian palm oil exports for July 1-25 at 1.454 mmt, up 4.6% vs. the 1.390 mmt exports month ago. NEWS Stocks are up 80 pts with the US dollar falling into new trading range lows 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
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.