The standard solution of most marketing analysts to the prospect of lower prices is to tell their producer clients to sell this year's crop plus the anticipated production for the next year or two. Selling anything early has been the worst thing a producer could have done in three of the past four years.I had a long conversation recently with a very large farmer I have known for many years. He is actually retired (sort of) while his son and two grandsons are managing the family business that includes more than 10,000 acres of farmland, a small commercial grain company and a trucking company. They are not a typical family-farming operation. Nonetheless, the patriarch's view on the current bearish market outlook and how they will handle marke...
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.
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...