Corn futures prices closed slightly higher in what was for the most part directionless, low volume trading, and wheat put in a rare performance as the market leader today with KC March closing up 5.75 cents. General Comments This is a short trading week between two (three-day) holiday weekends. CME markets will close at the regular time on 30 December and reopen 2 January at 7:00 p.m. (CST). In addition, the weekly export sales report is delayed until tomorrow.Overnight trade was very light, but there was enough buying to keep grain and soy prices mildly green. Volume remained light during the day session as prices traded both sides of yesterday’s closes in rather indecisive fashion. Corn futures managed just a 3.5 cent trading range befo...
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.