SPREADS Jan crush trades to 1.26c/bu while oilshare is at 31.33%. Dec/March trade trades from 5c carry out to 5 3/4c, while Dec/Dec inverse trades from 14c to 12c. Dec/March wheat trades from 3 3/4c to 4 1/2c carry. Jan/March bean inverse falls to 4 3/4c from 5 3/4c as business announcements from China remain quiet. Dec wheat/corn trades from 1.97 1/2c to 2.04c. PALM OIL Jan down 33 ringgits. Palm exports in 2020 are projected to increase by 5.6% on higher demand from India, China, and the Netherlands. Exports are supported by exemptions on crude palm oil export duties from July through December 2020. NEWS The stock market recovers from earlier 200 pt losses to trade both sides of u...
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.