Whether or not corn can develop a livelier story that might stimulate market activity is an active question with the answer yet to be determined. That answer is likely to be determined by the interplay between several conflicting factors.USDA’s January WASDE and quarterly stocks reports plus the crop-threatening turn of Argentine weather have generated the highest level of excitement for the soybean market in quite some time. Since all those reports were released at noon (EST) on 12 January through yesterday’s close, soybean futures prices have gained about 6 percent. That post-report price action actually plugged into and cemented an upward price trend that has been in place since the first of the year.The corn market, on the other hand, h...
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.