GOOD MORNING, Prices are mixed this morning with weakness emerging in wheat but supported elsewhere on the board. More talk of China buying and a bid under energies helped to keep soyoil values buoyant at the bottom of recent ranges. The barbs between China and the US continue, but the phase deal continues to move along trying not to let the words murk up the goals. Corn is firmer with an article by Fitch Solutions stating that corn prices would outperform soy, wheat, and rice over the next six months on a total return basis driven by a rebound in ethanol demand and a tightening supply. WEATHER --Northern Plains will see a limited amount of rain that could help places to finish planting. In the...
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.