GOOD MORNING, Prices are mostly higher as traders wait to see if there is follow-through buying activity from China. Crop ratings were a bit constructive as wheat ratings dropped a touch and weather is wet and cool, creating ponding and localized flooding. Outside markets were extremely constructive yesterday with the Dow surging 900 pts on optimism over vaccine hopes. Today, stocks are slightly lower. Biotech company Moderna Inc. announced it had positive results from its early human tests of a possible coronavirus vaccine. Crude oil, often a proxy for commodities in general, reached a new trading range high on short-covering as production cuts are implemented by OPEC, and countries lift their st...
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.