The Black Sea problems brought short covering to the wheat markets and outright buying to corn and soybeans. There might also have been some support for wheat because of U.S. weather conditions. General Comments Markets were all about the Russian/Ukrainian problem, and fund buying was the name of the game overnight. That continued through the first couple of hours this morning before the pace of buying slowed, and prices backed well off from their highs. The Sunday evening session started higher and traded sharply higher in the early morning hours on heavy volume for a night session. The Black Sea problems brought short covering to the wheat markets and outright buying to corn and soybeans. There might also have been some support for whea...
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.