The drought that continues to afflict China's corn belt is impacting the new crop. Some estimate that production will be cut by 7.5-8 MMT. As a result, the nation's corn price will remain strong for the rest of the year, which will support the upward trend in the pork price. China's Corn Market Remains Firm China's corn market remained firm during the week of 18 August with an average price of $438/MT. High quality corn can cost more, however, and quotes stand at $489/MT in the southern consumption areas where it is used in piglet feed. Several regions have turned to the temporary corn reserve auctions despite the rising auction price and unsatisfactory quality. Although the inventory of newly harvested crops has been increasing in centra...
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.