At this writing the results of Tuesday’s U.S. election are still uncertain. Joe Biden holds an electoral vote lead over President Donald Trump, but that could change depending on results from Pennsylvania and other states. The final count of the massive volume of mailed ballots in several states may not be finalized until late this week, if then. And legal challenges to the mail-in count are expected so the final results may not be decided for weeks, sad to say. Interestingly, the Republicans have a net pickup of five seats in the House of Representatives. That is still well below what they need for control, but the gain is a mark against the current Democratic House leadership. The Dems may pick up 1-3 Senate seats, but...
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.