GOOD MORNING, The markets remain thin as countries are out for holiday. Argentina is closed today and China is out for a week-long holiday. Prices are lower today as Trump threatens to retaliate in some form against China for the virus. Bean prices popped yesterday as China purchased of 5-8 cargoes of beans out of the Gulf for Aug/Sep, while inquiring for more off the PNW. While the buying served to goose prices higher, buying must remain consistent to bring complete price stability to bean prices and hit USDA target export goals of 1,775 mln bu. This morning's market features a market pullback off the high trade yesterday, which was at the top of current trading ranges. Products slide back...
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.