World Perspectives
feed-grains soy-oilseeds wheat

No More Rain, Please!

Today is 31 May. This is an important crop insurance date because it is the "drop-dead" date for crop insurance planting in many states, especially in the Northern Plains. Crop insurance payment yields start to decline by 1 percent per day for each day the crop isn't planted. Just two months ago we were worried about a significant drought that encompassed the Corn Belt and the Northern Plains. Today we are begging for the rain to stop. The national planting numbers have been in the news daily because of the wet weather and slow planting progress, but here are a few important numbers to consider. As of last Sunday:

There were still 13.6 million acres of corn to plant. There were still more than 41 million acres of soybean to plant. I...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.4725/bushel, down $0.0175 from yesterday's close.  May 26 Wheat closed at $5.8025/bushel, down $0.1775 from yesterday's close.  May 26 Soybeans closed at $11.62/bushel, up $0.0375 from yesterday's close.  May 26 Soymeal closed at $314.1/short ton, up $2.3...

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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.

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