GOOD MORNING, Prices are settling back in trading ranges with some profit-taking and hedge selling on this week's corn, bean, and meal rally. Wheat remains largely ignored, while the winner of best volume for this week went to beans. The short-covering was noted in the meal market and corn. Funds were estimated buyers of around 30K corn Thursday. Oilshare found some profit-taking activity from the bull. Beans may continue to find the most support on Chinese business, but are pulling back today as traders even positions into the weekend. China and the US will participate in a video conference Aug 15, so would look for profit-taking in the bean market from those wanting to reduce exposur...
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.