GOOD MORNING, Funds were buyers across the board yesterday on macro inflows everywhere, friendly USDA report expectations next week, and a continued good export pace. Would note that general business announcements, particularly for beans, have been slow to emerge, but funds continue to buy the markets on dryness concerns globally. Some analysts theorize that the slower pace of bean buying by China was related to a wait-and-see policy for who wins the election. Regardless, there were rumors that China has been around the bean market, and dry weather combined with a slower than expected planting pace create markets that move first, and ask questions later. Wheat prices are higher with some tender business...
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.
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...