Markets were mixed at the start of the last trading day for 2016. As of the close today, the soybean futures market was up almost $1.50/bushel for the year, which is incredible given the size of production in the Southern Hemisphere and U.S. General Comments Markets were mixed overnight and started the last day of trading for 2016 the same way. Soybeans were weaker, but corn and wheat were higher. As might be expected, volume was light.Managed money is estimated to end 2016 short 101,000 contracts of Chicago wheat futures and 97,000 contracts of corn. They are estimated to be long 99,000 contracts of soybeans, 15,000 lots of soymeal and 81,000 lots of soyoil.It is interesting to note that as of the close today, corn futures were down just...
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.