With only one potentially significant crop production problem facing the U.S. earlier this spring, next week's Kansas crop tour might provide some interesting balance to the otherwise extremely bearish wheat market.Next week's Kansas wheat tour isn't typically worthy of a separate analysis, but we seem to be locked in a period when almost anything could be considered newsworthy because there is so little other news to discuss. Markets continued their negative ways this week as planters are working full speed across North America under generally good conditions. It is also early in the planting season, so that creates optimism that more total acres might get planted and that yield prospects will be very good. The situation is similar in othe...
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.