Export Sales and Shipments for December 8-14, 2023. Wheat: Net sales of 322,700 metric tons (MT) for 2023/2024 were down 78 percent from the previous week and 51 percent from the prior 4-week average. Export shipments of 337,400 MT were up 17 percent from the previous week and 20 percent from the prior 4-week average. The destinations were primarily to Mexico (98,500 MT), Japan (53,700 MT), Algeria (45,100 MT), Taiwan (27,000 MT), and South Korea (20,900 MT). Corn: Net sales of 1,013,100 MT for 2023/2024 were down 29 percent from the previous week and 33 percent from the prior 4-week average. Export shipments of 870,900 MT were up 2 percent from the previous week and 14 percent from the prior 4-week average. The destinations w...
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.