Overnight trade in grain and soy futures found prices on both sides early and then gradually climbing above Tuesday’s closes as selling interest waned. For the most part, day session prices remained in the green as funds appeared reluctant to press the market. General Comments Overnight trade in grain and soy futures found prices on both sides early and then gradually climbing above Tuesday’s closes as selling interest waned with approach of the morning trading break. Weather radar maps showed light rain showers scattered across the western Corn Belt but weakening in coverage and intensity. The two main weather models now generally agree (for once) that there will be more showers for the next two days over that region, which will be follo...
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.