There is word that soymeal is in very short supply across the Midwest because crushers simply cannot acquire the soybeans they want to process. Several processors have stopped posting offers for the sale of soymeal. Expropriating Grain in Argentina Argentina's House of Deputies yesterday passed by a vote of 130-115 a bill that would allow the government to fine or confiscate merchandise from those judged to have increased prices unjustifiably. The so-called supply law has already been passed by the Argentine Senate and will be signed into law by President Cristina Fernandez. Supporters of the law say it ensures the executive branch of the government has the tools needed to protect consumers from price gouging. The law authorizes the gover...
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.