Grain and soy markets took little notice of the Fed’s bullish influence on the U.S. dollar yesterday, but that was not the case as the day session got underway. Soybean futures prices were sharply lower until a late rally pulled them back within a few cents of yesterday’s closes. General Comments Grain and soy prices traded lower overnight in average volume. Aside from considerations from the aggressive tone of the minutes from the Fed’s April meeting and the strength of the U.S. dollar it inspired, the overnight tone was set by Dalian soymeal futures that followed yesterday’s weakness by closing down another 1 percent today. The Chinese government’s sale of soybeans from its reserve supplies has been delayed, and that helped support the...
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.