Grains and oilseeds are steady/mixed amid a day of mostly higher markets. The S&P 500 is up 8.26 points as of this writing while the Dow is up 128 points. The CBOE VIX index is slight higher but hovering around 9.6. The dollar is 20 points higher while COMEX Gold futures are down slightly. Crude oil continues to work its way higher, with Brent and WTI futures up $1.27 and $1.44/barrel, respectively. Corn March corn closed 1 ¾ cents lower today at $3.49/bushel. The market took back some of yesterday’s losses but failed to break above the 20-day moving average. Corn has two minor stories developing this week: feed demand and ethanol demand. Feed demand should remain solid with the cold weather across the Midwest and m...
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.