Soybean futures turned higher at the opening bell this morning on more USDA soybean sales announcements. Wheat futures turned sharply lower, which pulled corn down as well. Weather forecasts continue to look favorable for good crop development. General Comments Markets were generally quiet and mixed in light overnight trading volume. There was no residual impact from yesterday's volatility after the news of the airplane disaster in Ukraine. Soybean futures turned higher at the opening bell this morning on more USDA soybean sales announcements. Wheat futures turned sharply lower, which pulled corn down as well. The wheat market felt like those who bought wheat yesterday on the news of the Ukraine incident decided to exit those longs when t...
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.