Grains and oilseed markets defied their traditional post-4th of July fireworks and simply did nothing today. Wheat was the exception, rising 20 cents, while corn was lackluster. Oh yeah, soybeans hit a new contract low. For now, the world waits to see what will happen with the U.S.-China trade war. Rumors are circulating that China’s SinoGrain may be exempt from the 25 percent tariff for soybeans imported for the State Reserves. This could be an interesting way for China to access the U.S. crop will still technically participating in the trade war. Time will tell how the details iron out. Drought conditions were steady for most of the U.S. agricultural areas this week, with some dryness expanding in Kansas, Oklahom...
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.