SPREADS Dec crush trades to 91.98c/bu while oilshare is 33.44 percent. Corn spreads are firmer with Dec/March trading into 11 3/4c from values that were out to 13c. Dec 19/Dec 20 is slightly weaker trading from 36 1/4c to 38c. Dec wheat/corn trades from 1.19 1/4c from 1.17 1/2c. Wheat appears ready to gain on corn this morning, which may keep corn values firmer as they test key support with Dec at $3.65. Nov/Jan beans trade from 13 1/2c to 13 3/4c while Dec/March meal narrows into $5.00 from $5.10. PALM OIL SGS estimates palm oil exports for the FH Sep at 700,935 mt, off 6.8 percent from FH August export estimates. Cash values are off $7.50 this morning. NEWS Stocks are slightly lower awa...
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.