Corn futures swung back and forth before winding up with modest gains of less than 2 cents. Wheat prices at all three markets clocked double-digit losses today after six consecutive sessions of higher closes. General Comments Energy and financial markets took center stage today. Brent crude oil closed below $90 for the first time in two years, while WTI crude at the NYMEX was down more than $2.00 and near $85.25 at last look. Falling demand for crude oil is seen as signaling global economic weakness. This sent U.S. stocks tumbling lower and more than wiping out yesterday's big gains. The Dow closed down 335 points. Volatility in the stock market is on the rise. This is the third day in a row that the Dow has moved more than 200 points and...
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.