Markets were choppy overnight with corn and wheat slightly lower as soybean futures traded 3-4 higher on light volume. That pattern changed at this morning’s opening. General Comments Markets were choppy overnight with corn and wheat slightly lower and soybeans higher. That pattern changed at this morning’s opening when everything turned decidedly lower. There wasn’t any fresh news around the grain markets, and anything bearish was related to energy and financial markets. January crude oil futures dropped below $36 a barrel (a seven-year low) on more long-term bearish supply news. The very warm, early North American winter is also bearish to energy consumption. Cheap and nervous energy markets spilled over into the equity markets as...
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.