In the most recent NASS Crop Progress report, soybean crop condition ratings rose slightly during the week ending 22 July. Those in the reporting states rated excellent increased to 18 percent from 16 percent the previous week, bringing the share in the good and excellent categories up to 70 percent from 69 percent the week prior. Despite declining from an early season high of 75, those combined categories remain near the upper end of the five-year range and well above the five-year average rating. Conditions improved in most of the 18 reporting states with the crop rating falling only in Michigan, Mississippi and Ohio. They were unchanged in Indiana, Tennessee and Wisconsin, but more than 80 percent of the crop was already rated good or e...
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.