Analysts appear to be in general agreement regarding expectations for the March WASDE. The crop production forecasts for Brazil and Argentina might be more closely examined than the ending supply estimates.USDA's March WASDE will be released tomorrow at 12 pm (EDT). As with the February issue, no significant changes to the numbers are anticipated. This month's more important USDA reports are to be issued 31 March and will include the 2015 planting intentions (acres) estimates as well as the 1 March quarterly stocks numbers. These are the reports that will influence trading as we head into the spring planting and summer growing season. The tables below provide a quick comparison between the February WASDE data and what is expected tomorrow:T...
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.