Tomorrow's release of USDA's quarterly stocks estimates will provide some fresh fodder for the grain and soy markets, which are eager for news even in the midst of harvest.Tomorrow (Wednesday) USDA will release its quarterly estimates of U.S. grain and soybean stocks as of 1 September. It will provide some fresh fodder for those markets, which are eager for news even in the midst of harvest. Whether or not USDA's stocks estimates will provide them with the price direction they have been seeking is another question.We have commented before about the lack of pre-report market tension leading up to tomorrow's release. During recent years when the relationship between supplies and demand for grain and/or soybeans were relatively tighter than th...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.