What might make our predictions somewhat unique is that at the end of each year we go back and grade ourselves on how well or how poorly we did. Seldom have we noticed similar self-critiques from other forecasters.For several years, we have peered into our always foggy crystal ball at the beginning of each year in an effort to foresee what might happen during the upcoming 12 months. We have been bold enough, or perhaps better said foolish enough, to make a number of predictions about what may be ahead as we last did for the current year in our 3 January 2013 report. We then go back near the end of each year and look at our predictions to see how accurate they proved to be. This is not a unique process. Numerous commentators of various...
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.