Note: The CBOT and WPI’s offices will be closed Monday, 6 September 2021 for the U.S. Labor Day holiday. The CBOT was mixed on Friday with soybeans and wheat finding some strength while soymeal and corn futures continued their weaker trend. Trading volume was light ahead of the U.S. long holiday weekend and a “risk off” mentality was in play. Funds were net sellers of some 10,000 corn contracts but bought some 6,000 soybean futures and 5,000 contracts of wheat. Position liquidation remains funds’ key theme, however, especially with the U.S. Midwest weather turning favorable. The Port of New Orleans reopened late Wednesday and the U.S. Coast Guard has allowed traffic along the Mississippi river aga...
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.