Export Sales and Shipments for March 22-28, 2024. Wheat: Net sales of 16,100 metric tons (MT) for 2023/2024 were down 95 percent from the previous week and 89 percent from the prior 4-week average. Export shipments of 517,800 MT were up 27 percent from the previous week and from the prior 4-week average. The destinations were primarily to China (268,300 MT), Thailand (80,700 MT), the Philippines (36,700 MT), Mexico (36,200 MT), and Algeria (33,500 MT). Corn: Net sales of 948,000 MT for 2023/2024 were down 21 percent from the previous week and from the prior 4-week average. Export shipments of 1,641,400 MT--a marketing-year high--were up 33 percent from the previous week and 27 percent from the prior 4-week average. The destina...
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.