Good morning, Prices remain mixed in trading ranges before today's WASDE report at 11:00 Chicago time. Expectations are for higher world numbers, slightly smaller ending stocks. Funds enter today's report net short everything but wheat and soyoil, where they hold sizable long positions. Wheat and soyoil are lower as of the break as funds choose to lighten up before the report is released. Corn, bean, and meal shorts could be looking for a good break in which to cover something in before China comes to possibly start buying ag goods. WEATHER South American weather maintains a favorable bias. Wetter weather in central Brazil could continue to disrupt soybean harvest, with favorable moisture in filling corn and bean areas of Cordoba in Ar...
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.