Technically speaking, there is nothing in the chart patterns of soybeans, soyoil or soymeal that would stop a limited selloff from occurring. The best thing that could happen to potential buyers in the soy-complex is for some better-than-expected rains to occur in northern Brazil during the next ten days. General Comments There is no true seasonal pattern to corn exports other than perhaps a modest increase that often occurs during the end of the calendar year and again around the middle of April. Otherwise, they are rather uniform throughout the year. This season’s lackluster shipment pace implies that U.S. corn is being purchased by global buyers on an as-needed basis. Additionally, the slow corn export sales are presently accounting fo...
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.
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...