Rumors that Moscow might be withdrawing slightly from its aggressive posture with Ukraine seemed to trigger a wave of selling across the wheat markets. Corn could find no friends today in part because of the losses in wheat. General Comments There was significant selling pressure in the corn and wheat markets today, while the soy complex was strong in the old crop and mixed in the November contract. U.S. financial markets turned from lower to sharply higher this morning. Some were attributing these moves to a statement that Moscow was ready to de-escalate the situation in Ukraine. That rumor eased concerns about Black Sea exports and seemed to shift the focus back to Tuesday's USDA crop reports, and those should be bearish.USDA will relea...
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.