The stock market fell nearly 1,200 points yesterday, the Dow’s largest decline in a single day and the biggest drop since 2011, a very volatile year. Monday’s bear market was the equivalent of almost a 4.6 percent loss, which is far from a record in percentage terms. There were 21 days in 2011 with drops of 2 percent or more. The last time the market fell by at least 2 percent was when the U.K. approved the Brexit referendum in 2016. While the market had no drops at that level in 2017, there were 71 daily closing records. On the S&P 500, stocks were down for all of the 505 companies except for two: Church and Dwight, a major consumer goods company, and Trip Advisor. As a sector, financial companies had the worst performance...
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.