Each year since 2000, USDA has produced baseline reports that project U.S. crop acreage and supply/demand balances for wheat, corn and soybeans for the 10 succeeding years. Even though it can be reasonably assumed that things will not work out quite as projected, it is still interesting and instructive to see how USDA's analysts view the future.Each year since 2000, USDA has produced so-called baseline reports that project U.S. crop acreage and supply/demand balances for wheat, corn and soybeans for the 10 succeeding years. They are usually compiled in October and November, using the latter month’s WASDE as the starting point, and are based on a combination of modeling and analytical judgements. Some of the 10-year judgements involved inclu...
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.