GOOD MORNING, Prices are mixed this morning post report as there were not enough changes in the Jan. final to call for a change in trend. Instead, what we may find is a change in spread trade, particularly as we enter the start of a new growing season. The last few months offered a market where beans gained on corn, and given a neutral carry-out in both, the trend may now be for beans to lose a bit to corn. It is probably the mission of the corn market to maintain a steady trade as planting begins in a month or two down the road, while beans may begin to feel the pressure of a South American harvest that appears robust. Support on bean breaks will come courtesy of the Phase One deal signing on Jan. 15,...
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.