The CME March oats closed at an historic high of $5.03 today as U.S. oat supplies are being squeezed. Some of the big cereal makers reportedly have inventory for only a couple of weeks. General Comments We cannot recall the last time that we led off our daily market commentaries with the subject of oats, if ever. However, oats deserve to lead things off today. CME March oats closed at an historic high of $5.03 today. We believe that is the first time in the long history of the oats futures contract that oat prices have hit or topped the $5.00 mark. Actually, that close was up the daily 20-cent limit. About 640 contracts traded, according the CME, presumably all at limit up. CME May oats closed at $4.6825, which was also up the daily price...
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.