SPREADS May crush trades to 65c/bu while oilshare trades higher to 34.18%. Spreads firm back up with July/Dec corn trading to an 88 1/4c inverse high from 84 3/4c. May/July corn trades to 12 3/4c from 11 3/4c inverse. March/May wheat trades from 4c-4 3/4c carry. March wheat/corn trades from 95c to 98c, while July trades from 98c to 1.00c. March/May beans trades from 2 1/4c to 1 1/4c inverse, while JUly/Nov trades from 1.83c to 1.87c. July/Dec meal inverse trades from $55.20 down to $54.00. PALM OIL April up 63 ringgits at 3,343 NEWS Stocks trend higher as more stimulus is discussed while the US dollar firms to 91.23. Crude oil trades to new highs at $57.68/barrel. CALLS Calls are...
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.