Markets were soft overnight, led by weakness in the soy complex, and a small weekly export sales number this morning pushed prices lower. Wheat, though, showed just a touch of independent strength today. General Comments Markets were soft overnight, led by weakness in the soy complex. A better chance for some rain across the dry areas in Brazil took the edge off soybean futures. A small weekly export sales number this morning pushed prices lower. There wasn’t much other news around the markets today. U.S. equity markets were lower early, but they turned steady by mid-morning and sharply higher by noon. The Dow got within a fraction of a point of the magical 20,000 level. Crude oil was steady to slightly higher, and the U.S. dollar gained...
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.