Temperatures across nearly all of western Canada and portions of the Northern Plains will drop to 15-25 degrees below normal by the middle of this week. The crop most susceptible to damage from temperatures even down to 30°F is soybeans.Temperatures across nearly all of western Canada and portions of the Northern Plains will drop to 15-25 degrees below normal by the middle of this week. That will take nightly lows to below freezing across most of western Canada and bring a definite end to the growing season there. The important questions are, how far south will it get below freezing and how much below freezing will it get? The answers are still fuzzy and will likely stay that way until we wake up Thursday, Friday and Saturday mornings and s...
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.