The CBOT saw mixed trade to start the week with traders mostly content to adjust positions heading into Thursday’s WASDE report. Corn and wheat futures saw strength with the latter leading the way on concerning weather trends in the U.S. and Europe. Conversely, pullbacks in palm oil and crude oil sent the soy complex lower, despite support emerging in the soymeal market. Overall, it was a generally quiet session with pre-WASDE position adjusting and light technical trade explaining most of the day’s price action. The weekly Export Inspections report featured the expected seasonal strength in corn shipments, though volumes were slightly below last week’s values. Corn inspections – along with soybeans and wheat...
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.