CME grain and soy complex futures traded both sides early during the overnight session, but they gradually drifted slightly lower as trading volume declined during the early morning hours. That weakness deepened during the first hours of the day session. Chicago and KC wheat prices dipped a nickel below Wednesday’s closes, corn prices slipped about 3 cents, and soybean prices were down as much as 9 cents at one point. However, prices across the board gradually recovered most of those losses. They finished the day still in the red, but the losses were mostly limited to 2 cents or less. Still, today was the first down day of 2018. Delivery intentions against January contracts included 300 lots of soymeal, 21 contracts of soybeans and, o...
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.