Macro Trends U.S. Agricultural Exports to China Down Nearly 50 Percent in 2018 U.S. agricultural exports to China during January-October were a paltry 14.52 MMT worth $8.32 billion versus 30.77 MMT valued at $14.27 billion during the same period of 2017. That volume was also 51.5 percent less than the average since 2010 (for those months) of 28.19 MMT and down 54.1 percent from the corresponding average FOB port of departure value of $15.38 billion. With items such as almonds, pistachios and wine composing a relatively larger share of the total volume and value this year compared with soybeans, grains and other less valuable commodities, the average FOB price of U.S. agricultural exports to China has climbed to $573.12/MT against $559.78/...
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.