Outside markets displayed a relatively calmer tone today. Grain and soy futures traded rather quietly, and prices were mixed during the overnight session with notably lower volume than was seen earlier this week. General Comments The weekly export sales report from USDA is delayed until Friday due to the U.S. government holiday last Monday.Outside markets displayed a relatively calmer tone today. After further weakness early on that took the Dow down more than 200 points and crude oil below $80.00, those markets later recovered. The Dow still finished 24 points lower, but the other major stock indices posted small gains, supported by last week's jobless claims that fell to the lowest weekly level in 14 years. Crude oil recovered to close...
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.