GOOD MORNING, Prices begin the day on a mixed note as soyoil futures trade down to a new low as funds continue to liquidate length and oilshare. Grains are still firmer vs. beans and soyoil. Buy corn/sell wheat and bean trade will be an opening trend. Chart watchers are watching to see if March bean prices can climb back over $9.00, and if March corn can retain a firmer trade over $3.80. March wheat, where funds have most of their length, has so far bounced back nicely from its break just below $5.60, which is very characteristic of a bull market at work. Outside markets are lending a calmer influence, though beans still appear to have more weight as harvest pressure increases from Brazil, and there are no signs of...
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.