SPREADS Dec crush firms to 84.25c/bu while oilshare firms to 32.99 percent after testing 32 percent at the start of the week. Nearby corn spreads remain firm with Dec/March trading into 11 3/4c from 12c and Dec 19/Dec 20 trading from 16 3/4c to 18c. Bean spreads are weaker with Nov/Jan trading back out to 14 1/4c from 13 3/4c, while Jan/March trades from 10 3/4c to 11. Dec wheat/corn trades from 99 1/2c to 1.03 1/2c. PALM OIL Dec closed up 11 ringgits higher with cash palm up $2.50/mt ending at $522.50/mt. Malaysia Palm Oil Board Data for Sep due next week. NEWS Stocks are higher up 70 pts. US unemployment fell in Sep to a new five-year low at 3.5 percent while employers added a modest 13...
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.