GOOD MORNING, The focus continues to be on harvest weather in the US, planting weather in SA, and politics. In the process, funds have covered in a good portion of their corn shorts, while extending bean length. The last of the wheat short is slowly squeezed out as prices edge higher again this morning. Mini-trends include buy wheat and beans/sell corn, and buy soyoil/sell meal, though for the day it appears as though oilshare will correct downward based off the morning's close. On the political front, China declared its intnent to purchase US Ag products, but in fact has been buying Brazilian beans over the last 2 weeks. WEATHER Scattered storms and showers Monday, with locally heavier amounts...
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.