White maize prices in South Africa continue to move higher as imports are just not able to keep up with local consumption levels, and stocks are reportedly selling at an approximate $80/MT premium to yellow maize versus about $30/MT last year. Regional Updates This is the week of “Brexit” with all news being dominated by speculation regarding the potential impact on world trade and economies by the UK vote to leave the EU. The Middle East/North Africa (MENA) region seems to believe that the effects will be minimal as most of its international business is transacted in U.S. dollars. However, crude oil prices did take a sudden dip on the Brexit news as did most everything. Short term, it doesn’t appear that there will be any serious consequ...
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.