GOOD MORNING, The markets are mixed this morning and haven't moved much from yesterday's settlement. Theme of the markets is continued selling as weaker macro markets, struggling ethanol, and better planting forecasts set the stage for new contract lows day-to-day in meal and corn. Beans, soyoil, and wheat are trending sideways from higher. The record high March crush number at 181.374 mln bu yesterday in the NOPA report helped beans to stabilize. Good meal export numbers helped meal to bounce, while lower than expected soyoil stocks implies there is good demand out there. Funds continue to add sales as the virus persists world-wide. Countries are trying to open for business, but it's...
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.