World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Markets traded relatively thinly to close out the week today, although volume earlier this week was quite strong. The China trade talks will resume again next week. While people are hopeful a deal is close, they won’t trade that until it is done. Weather remains a very real problem across the Corn Belt and northern Plains (see today’s separate analysis). USDA’s WASDE (supply and demand) for May will be released a week from today, and it will be the first issue that will separate China from the rest of the world. It will also provide USDA’s first look at MY 2019/20 supply and demand. USDA will likely make no changes to acreage estimates in this report as it is too early to consider any that might be caused by the col...

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livestock

Livestock Industry Margins

Beef packer margins snapped a six-week string of losses and gained $73/head last week due to gains in beef prices and weaker fed cattle prices. Margis were still very weak by historical records (-$143/head) but at least started to trend in the right direction. Beef values are holding steady hea...

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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.

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