There are many different pressure points facing fund managers these days, and they are stirring up crosswinds for grain and soy markets.Grain and soy futures markets are very nervous. For that matter, most commodity and financial markets are as well. World markets anxiously await Thursday’s referendum vote on whether or not Britain should leave the EU (aka Brexit). No one really knows what will happen if the results favor doing so. There is no precedent for such a move, but the prospect of the departure of one of the EU’s most important members and economic engines is unsettling, to say the least. Even the normally cautious Janet Yellen, chair of the U.S. Federal Reserve Bank, told the Senate Banking Committee this morning that a British ex...
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.
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...