There seems to be a common thread emerging among many people with vested interests in corn and soybean prices and what direction they take. Farmers, cash grain traders, futures market participants and even many users of grain and soybeans seem joined in the hope for a bullish August WASDE. Many crop scouts and market watchers are of the belief that U.S. corn production will reach or exceed 14 billion bushels and that soybean production will hit 3.8 billion bushels in 2014. Those opinions have undoubtedly been made stronger by this week's timely rains in the central U.S. and by forecasts for additional showers every few days throughout the balance of August. Temperatures are expected to remain average or below, which has been the pattern nea...
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.