GOOD MORNING, Prices this morning begin slightly lower for everything but soyoil on profit-taking and better than expected ratings for corn and beans. Oilshare is firmer after seeing a round of profit-taking last week. Traders are buying soyoil/sell meal this morning. Pro-Farmer feedback is that corn yields are not as large as current USDA estimates. Analysts are striving to figure out the impact of the derecho on corn and beans in Iowa. Corn ratings in Iowa fell 10% in the G/E category, while Illinois was 3% lower. Results include South Dakota corn yields at 179.2 bpa vs. 154.0 bpa year ago, and the average of 160.0 bps. Bean pod counts in SD are at 1,250.9 pods /sq ft, vs. 832.9 year ago. &...
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.