Even though USDA has estimated that 2015/16 ending corn stocks will be lower than what is predicted for 2014/15, not much imagination is required to envision circumstances that result in a larger carryout.Planting of the 2015 U.S. corn crop is essentially complete. The question of how much land has actually been planted will be debated until USDA releases its final acreage survey results on 30 June. Its initial planting intentions as of 1 March showed that farmers were planning to sow 89.2 million acres of corn, 1.4 million fewer acres than last year's final number. Many analysts and traders were surprised that the planting intentions were so high. During late winter, corn prices had fallen relatively faster than those for soybeans. The pri...
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.