Soybeans benefited from the fund short covering in the wheat market. Weekly export inspections were also (again) better than expected, and there was some chatter around that China was watching Brazil's logistics. General Comments Markets were generally quiet overnight with wheat the most active, trading 3-4 higher. That peaceful tone didn't last long this morning as wheat turned sharply higher, led by big gains in KC with Minneapolis and Chicago following closely behind. Wheat was about weather. The extended forecast for the hard red winter wheat region (southern Plains) isn't changing, remaining warm and dry. Corn and soybeans were distant followers on the day before the USDA planting intentions and quarterly stocks reports will be relea...
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.