SPREADS May crush trades to 71c/bu while oilshare trades over 35.0% to 35.21%. July/Dec corn trades from 79 1/4c to 84 1/2c, while May/July trades from 12 1/2c inverse down to 11 1/2c. May/July wheat trades from 15 1/2c down to 12c. July wheat /corn trades from 1.05c down to 1.01 3/4c. July /Nov bean inverse trades from 1.88c down to 1.81 3/4c. May/July beans trade from 13 1/2c down to 11 1/4c. PALM OIL May closed up 99 ringgits, ending at 3,634 ringgit/mt. on concerns over potential supply shortage amidst uncertain weather conditions. NEWS Stocks are into new highs up 58 pts with crude oil hitting a 13-month high at $61.26/barrel. CALLS Calls are as follows: beans:&n...
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.