Prices across the board retreated a modest 1-3 cents overnight from yesterday’s higher closes, and trading seemed equally subdued after it resumed in the day session. However, prices recovered the small overnight losses and stayed parked in the green zone. General Comments Overnight trade in grain and soy complex futures was considerably more restrained than during the day session yesterday. Trading volume was quite light and less than half of what it has been during the past week or so. Prices across the board retreated a modest 1-3 cents from yesterday’s higher closes. USDA’s weekly crop condition report of Tuesday afternoon provided little (if any) trading inspiration as it dropped corn rated good or excellent by 1 percent and left the...
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.