With upward momentum from yesterday’s strong performance still in play, grain and soy prices were firmer again during the overnight session. Prices across the board reached multi-week highs. It is hard to explain such a rally only a few days ahead of USDA’s October WASDE. General Comments With upward momentum from yesterday’s strong performance still in play, grain and soy prices were firmer again during the overnight session. Prices across the board reached multi-week highs. December corn just missed the magic $4.00 level with a high of $3.9975. Trading volume was moderate.It is hard to explain the grain and soy price rally only a few days ahead of USDA’s October WASDE. There is a wide range in the yield and production estimates from pri...
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.