Markets opened Sunday evening with wheat 3-4 cents higher, corn up a penny and soybeans a penny lower. Overnight volume was much better than last week. Markets then opened this morning with wheat up 5-6 cents, corn slightly lower and soybeans down 6-7 cents. Soybean futures, however, ran into heavier-than-expected selling shortly afterward and eventually traded down more than 20 cents before closing with losses near that amount. Corn traded 2-3 cents lower and finished that way. Wheat, meanwhile, held its independence and traded higher the entire session. Presidents Trump and Xi are scheduled to have dinner Saturday evening in Argentina after the conclusion of the G-20 meeting. U.S. financial markets seemed cautiously optimistic that there...
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.