Grain and soy complex markets felt the pain from the Brexit vote even though the decision has virtually no effect on short-term supply/demand fundamentals. Non-threatening weather is of greater importance. General Comments When stating yesterday that British voters are notoriously fickle, it should have been added that British public opinion polls are notoriously inaccurate on political matters. Last minute polls showed voters tilting toward staying in the EU as did those conducted when voting closed last night. When real votes were counted, however, the results were shocking. About 52 percent favored a British exit with 48 percent voting to remain.Confidence that the referendum vote would support staying in the EU built up enough during...
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.