Grain and soy contracts once again tried to stage a rally overnight and then early in the day session. Meanwhile, the corn market is continually weighed down by visions of a record 2016 crop that might not be far below 15 billion bushels. General Comments Grain and soy contracts once again tried to stage a rally overnight and then early in the day session. Once again, the effort was largely a failure. After being up 4-6 cents early, winter wheat prices turned down to finish mostly with losses of 4-7 cents. The struggling corn market tried to follow wheat to the upside, but it could only manage a daily high that was less than 2 cents above yesterday’s close. However, corn had much less difficulty in following the wheat market lower with D...
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.