SPREADS Dec crush falls to 70c/bu, new ctr lows, on slower meal demand. Oilshare firms to 33.24% after dropping to 32.55% last week. Dec/March corn trades from 10 3/4c to 11 3/4c, with Dec 19/Dec 20 trading into 13 1/2c from 17 1/4c. Nov/Jan beans trades to 13 3/4c to 14 1/4c as November rolls continue. Meal spreads continue weak with Dec/March trading out to 6.70 from $6.50. PALM OIL Dec palm oil closed 7 ringgits highs. Indonesia Palm Oil Association estimated August exports at 2.89 mmt of palm and biodiesel, compared to 2.92 mmt in July, and 3.30 mmt yr ago. Order flow continues weak with import parities for China and Indonesia $10-$20 in the red, but analysts see more bullish opti...
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.