The corn, soybean and wheat markets were lower overnight with the latter two suffering the greatest losses in moderate volume. That pattern of weakness did not change in today’s session. There is a chance for some helpful rainfall across Argentina in the extended forecasts, although it will be very hot and dry for the next week. That rain possibility pressured soybeans. Another week of light export sales pushed wheat down. Meanwhile, corn was supported by more daily export sales announcements. The U.S. dollar was higher today, and crude oil weaker was weaker. U.S. equity markets were getting trounced despite another better-than-expected jobs report. Concerns about higher interest rates and inflation plus significant profit taking pu...
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.
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...