Trading volume overnight was better than might be indicated by the lack of price movement, but it was unimpressive during the day session. Later during the day, though, grain and soy markets got caught up by a broader sell-off covering multiple commodities. General Comments Grains and the soy complex traded in mixed fashion overnight. Prices moved on both sides of Tuesday’s closes, but corn and soybeans prices did not move very far in either direction. Wheat prices eased off a few cents, being somewhat spooked by weather maps showing green blotches of light rain over eastern South Dakota. This is the state that has suffered most from the drought that plagues the northern Plains and threatens spring wheat production. Not much wheat is grow...
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.
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...