The CBOT was mixed on Tuesday with accelerating worries for world wheat production sending Chicago and KC markets higher while stronger soyoil and Chinese cash purchases helped soybeans higher. Bull soy/corn and wheat/corn spreads pressured the corn market, as did better-than-expected crop conditions ratings. In all, however, the CBOT continued to consolidate heading into Thursday’s WASDE report with neither funds nor commercials eager to extend positions or add risk. Outside markets were higher as continued positive earnings reports from U.S. companies boosted the stock market. Yield on the 10-year U.S. Treasury note rallied after the U.S. Senate voted to approve the $1 trillion infrastructure bill. Bond traders are still look...
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.