It was another quiet night session Thursday evening with little price change in corn, wheat and soybean futures, and that dull pattern of trade didn’t change today. U.S. weather is basically cool and dry for the foreseeable future. That should allow the remaining fall harvests to finish and also enable farmers to plant the rest of the winter wheat they still intend to get in the ground. Today’s weekly export sales report contained no surprise except the very big sales for soymeal of 230,000 MT. If anything, weekly sales for corn, wheat and soybeans were slightly below expectations. USDA announced the sale of 100,000 MT of soybeans to “unknown,” and it seems that most of those registrations of the past few months hav...
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.