The CBOT posted a soft rebound on Tuesday with corn, KCBT wheat, and soybeans edging higher to end with small gains for the day. Funds were modest net buyers in all the major commodities except soymeal, where they were still net sellers as the July contract pushed below $400/ST. The market is entering the final stages of pre-WASDE position-evening ahead of Thursday’s Noon report and limited volatility and trading volume is expected for Wednesday. Fundamental news remains light for the major ag markets with most traders and analysts focused on Thursday’s May WASDE report from USDA. As noted in last night’s Market Commentary, the general consensus is that the agency will cut U.S. old crop corn and soybean ending stock...
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.