The November soybean price swung between 14 cents higher and 14 cents lower before closing down 12.25 cents at $9.525. Non-commercials have been shrinking their grain and soy futures positions this week, which resulted in huge trading volumes. General Comments Ebola has spread from West Africa to the U.S. where two healthcare workers in Texas have contracted the disease, apparently while caring for an infected patient. This caused authorities to track down anyone who came into contact with individuals carrying the disease including fellow passengers on a flight taken by one of those infected. Authorities are still uncertain how the two healthcare workers contracted the illness despite all of the precautions taken to prevent its transmissi...
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.