The CBOT started the week on a strong note with continued drought forecast across South America offering support Sunday night. March soybeans ended the overnight session up 8¾ cents after trading as much as 22 cents higher while corn futures firmed 4¼ cents heading into the morning’s open. Even wheat got in on the bullish action with the KCBT market up 7¼ cents overnight. That enthusiasm waned for corn and wheat, however, and both markets settled lower. Technical selling was pronounced in corn as the market passed key support levels and triggered sell-stops in the process. Wheat futures were under bearish pressure but stopped shy of support near their mid-December lows, in a potential positive sign for bull...
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.