Happy New Year! Corn and wheat were steady overnight with soybeans 5-6 cents higher. The overnight soy complex optimism was the result of weekend tweets by President Trump that expressed great hopefulness over the China-U.S. trade talks. The trade talk optimism was apparently based on a phone call between President Trump and President Xi. U.S. trade officials will be in Beijing next week for face-to-face negotiations and that meeting in Beijing is to be followed by a return visit to Washington. The market’s tone changed at the open, with wheat quickly dropping to losses of 5-7 cents and corn down 2 cents or so. Soybean futures dropped a few of cents lower as well. Trading volume today was expectedly light, and markets traded a...
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.