The restrictions that China’s central government imposes on the stock exchanges have probably unintentionally encouraged speculators and instant wealth seekers to take their cash to the volatile, booming world of agricultural commodity futures. Oilseeds Soymeal Market and Feed Demand Remain Hot Increased buying from feed mills has continued to support the soymeal price rally that began in early May. Nonetheless, the volume of soybeans in port as well as the level of imports for the month of June have essentially returned soymeal inventories to their mid-May level, just as we expected. As of 17 June, China’s estimated nationwide soymeal inventory totaled 700,000 MT, a 10,000 MT drop from a week ago but a 90,000 MT increase from two weeks...
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.