The primary reason for these expectations is that nearly everyone expects that U.S. corn and soybean production estimates will be increased.USDA will release its January series of reports this Friday, 10 January, at 12:00 pm (EST). The reports will include the final 2013 corn and soybean production estimates, quarterly stocks numbers, revised supply and demand numbers (WASDE) and U.S. winter wheat plantings. The trade is generally expecting bearish numbers and has been talking about the bearish January reports since the November numbers were released.The primary reason for these expectations is that nearly everyone expects that U.S. corn and soybean production estimates will be increased. Generally speaking, the trade is looking for corn pr...
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.