China's tight wheat supply has resulted in a high domestic price that could lead millers and trading companies to start importing supplies as early as next month. China's Wheat Price Projected to Remain High until Early 2014 China' wheat price remained strong with a slight increase in some parts of the country during the week of 2 December. The average price reached $424.84/MT, which is almost $33/MT higher than the current corn price. As a response to the high wheat price, the Chinese government offered nearly 650,000 MT of its reserves last week in Henan Province, which is the country's top wheat-growing region and 94 percent of the reserves offered were sold. The domestic wheat crop suffered severely from bad weather in the major growi...
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.