Markets opened lower Sunday evening with soybeans again leading the markets down. November soybeans traded as much as 24 cents lower overnight on continued fund liquidation. Corn continued to struggle early today. Funds have now liquidated nearly their entire long position in that market. General Comments Markets opened lower Sunday evening with soybeans again leading the markets down. November soybeans traded as much as 24 cents lower overnight on continued fund liquidation. Corn and wheat futures were weaker as well, but they were never more than 3-5 lower. The weakness was due in part to some unexpected overnight rain showers across parts of the Corn Belt, which overshadowed forecasts for record-high temperatures in Nebraska, Iowa and...
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.