If one wanted market action today, he should have taken on the wheat market. Chicago wheat closed with minor gains, but it traded in a 15-16 cent range on both sides of yesterday's close to get there. That is roughly the same trading range to be found in the soybean market today. General Comments China's Purchasing Manager Index (PMI) for September showed barely any growth, which is concerning for commodities. Chinese real estate values continue to fall, and commodity financing remains a tricky issue. The U.S. dollar is stronger again and near its 2010 highs. The currencies of all major export competitors for grain and soy demand are weaker, adding to U.S. difficulties in world markets.Yesterday's quarterly stocks report was essentially a...
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.