Wheat: Net sales of 616,700 metric tons (MT) for 2020/2021 were down 19 percent from the previous week, but up 24 percent from the prior 4-week average. Corn: Net sales of 220,600 MT for 2019/2020 were down 76 percent from the previous week and 56 percent from the prior 4-week average. Soybeans: Net sales of 365,200 MT for 2019/2020 were up 17 percent from the previous week, but down 31 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 45,300 MT for 2019/2020--a marketing-year low--were down 74 percent from the previous week and 65 percent from the prior 4-week average. Soybean Oil: Net sales of 20,200 MT for 2019/2020 primarily for Morocco (15,800 MT switche...
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.