SPREADS Dec crush trades to 81.81c/bu while oilshare corrects down to 33 percent. Nov/Jan bean spread trades out to 14 12c while Jan/March weakens out to 11 1/4c from 10 3/4c. Dec/March meal weakens to new lows at $5.90 from $5.60. Dec 19/Dec 20 corn trades from 17 1/2c to 19c. Dec wheat/corn trades from 1.02c down to 1.00c. PALM OIL Dec closes up 14 ringgits. Analysts are forecasting production to be around 1.905 mmt, ahead of the Malaysian Palm Oil Board numbers to be released Thursday. NEWS The Dow is off over 170 pts as negotiations between the US/China continue. The US dollar is weaker trading down to 98.84 and crude is weaker as well. CALLS Calls tod...
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.
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...