There are several things to watch for in USDA’s September production estimates and WASDE (supply/demand) revisions that will be released on 12 September at noon (EDT). Corn USDA caught the trade by surprise with its record U.S. corn yield estimate in August. No one seems to expect another major bearish surprise this week. The question is whether there will be a slight reduction or slight increase in that yield, and the average trade guess is for the former. That would also result in a slight decrease in ending supplies but not enough to generate a lasting bullish market response. It would take confirmation of disappointing yields once the harvest gets underway to really stimulate the corn market. Soybeans Most crop...
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...
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.