After a very active November and December, the soybean market came to a standstill toward the end of the year and has started 2017 with very little movement. There are several reasons for this with a change In the Chinese buying pattern being one. Soybeans After a very active November and December, the soybean market came to a standstill toward the end of the year and has started 2017 with very little movement. On the offer side, the U.S. still has some beans to sell for January, although the volumes are low. On the demand side, the Chinese have decreased their buying fervor in line with falling crush margins. Although the Dalian futures quotes imply the crush is still showing some $20/MT in profit, especially in the nearby positions, it...
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.