It was a relatively tempered day in the proverbial trading pits with things not going quite as expected. • While the export sales report this morning imposed strong bearish sentiment on corn and the December contract trading down six cents at one point, it ended up taking a very minor loss. • Wheat prices were aided by continued problems in the HRS crop, but it was the Minneapolis contract, over-bought after rising for six straight days, that ended in the negative. By contrast, Chicago and Kansas City had gains. • Strong export sales and talk of even more Chinese soybean purchases made it seem that bulls would take out the shorts in the market. Indeed, the November contract at one point was trading up six...
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.