GOOD MORNING, Prices are mixed today as trading ranges continue. Currency markets remain a feature as a two year high US dollar squares off against a new record low in the Brazilian Real. The spread between these two currencies continues to widen, and is price negative for beans. Rumors of business continue to circulate for beans, corn, and wheat. Wed. the rumor mill had it that China was active in buying US sorghum. Bean basis is firm in the interior and in the export markets, with US farmer selling ideas well over the market. On the negative side, US beans are still more expensive than Brazil. South American bean production continues to grow, with record bean production at least in Brazil...
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.