GOOD MORNING, Better rains in SA and a quiet China export picture weighed on the markets overnight. Whether the rains are sufficient is a question, but it eases the market back. With the recent rainfall there is talk of less acres under stress, with around 90% of Brazil's bean acres now planted as of Dec 3, according to AgRural. The COT showed that funds pared back length mostly for beans and meal, while maintaining a healthy long position in soyoil and corn. It also seems as though funds are looking for protection against long corn and bean positions, and last week there was noted call selling and put buying in options trade for March corn, specifically. Corn still remains well priced on the global stage, wi...
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.