SPREADS May cush trades to 66c/bu while oilshare trades up to 34.18%. Spreads are strong with July/Dec corn inverting to 93 1/2c from 90c, while May/July trades to new contract highs of 14 3/4c. March/May wheat trades from 2 3/4c to 3 1/2c carry. March wheat/corn trades from 88c down to 83 1/2c. July/Nov beans trades from 1.87c to 1.91 1/2c. March/May beans trades from 3 1/2c to 2 1/2c. PALM OIL April up 133 ringgits at 3,658. Analysts are expecting Malaysian Palm Oil Board Jan. data to show exports at an estimated 1.056 mmt, down 35% vs. Dec. The decline is attributed to a rush in December to book cargoes ahead of Malaysian re-implementing an export tax in Jan. NEWS Stocks are down...
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.