Wheat futures prices closed 4-6 cents higher due almost entirely to the influence of the other markets. Last week's mediocre inspections show that wheat exports are lagging despite the low prices. General Comments With the U.S. government on holiday Monday, the usual reports on export inspections, crop progress, etc. were not released until today. For the week ending 9 October, more than 2.9 MMT of grains and oilseeds were inspected for export, the biggest week so far in the 2014/15 crop cycle. Corn inspections totaled 933,788 MT, soybeans reached 1.428094 MMT, and wheat came in at 423,880 MT. Corn and soybean inspections were the biggest of the crop year so far, but wheat inspections were disappointing.Other than the fact that they remai...
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.