With recent news about the U.S. economy generally positive, it is widely expected that the Fed will soon cut back on its stimulus efforts through the monthly purchase of mortgage-backed securities General Comments Note: Next week CME agricultural markets will close early at 1:00 PM (EST) on Christmas Eve, 24 December and remain closed on Christmas Day, 25 December. Markets will return to normal hours on 26 December.It turned out to be sort of a half-hearted Turnaround Tuesday with soybeans and corn advancing. Wheat prices tried to follow the other markets but slumped again after early gains overnight. We suppose it is worth noting that corn did close higher today after three losing sessions and that should qualify as a Tuesday turnaround...
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.