SPREADS First notice day for November contracts is tomorrow, with the NOv/Jan trading out to 15 3/4c in the pm session. Jan/March beans go with the flow weakening out to 13 1/2c from 12 3/4c. Dec/March meal trades from $6.20 to $6.30. Dec wheat /cron trades from 1.21c to 1.23 1/2c. PALM OIL Dec up 86 ringgits, up 3% to hit an 18-month high, as funds in China purchase the market. Chinese open interest for this ctr is at record highs. Malaysia economic minister suggested that Indonesian palm oil supplies are not enough to cover India's shortfall, and predicted that India's boycott of palm oil will be short-lived. NEWS Stocks are slightly firmer to begin the morning trade...
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.