The U.S. Commerce Dept.'s announcement late yesterday of countervailing duties against biodiesel imports from Argentina and Indonesia was the dominant news for soy complex futures markets today. General Comments The announcement late Tuesday by the U.S. Commerce Dept. that it would impose countervailing duties on biodiesel imports from Argentina and Indonesia (see Ag Perspectives, 22 August for Dave Juday's detailed discussion) was not exactly a surprise given the U.S. International Trade Commission’s (USITC’s) findings last month that such duties were appropriate. However, it provided the first longer-term, truly bullish fundamental input for the soy complex in quite some time. The tariffs, which will be retroactive for imports duri...
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.