The Market Oilseed values temporarily dipped this week on improved moisture in Brazil. The change is temporary as the 6-15 day outlook calls for a return to heat and dryness and thus more stress for Brazil’s soybeans. For the week, January soybeans are down nearly 10-cents , putting them below the 100-day MA but still above the one-month low of 1297/bushel. Soyoil was inexplicably pressured lower by a U.S. Appeals Court ruling saying the Biden Administration must consider waiving biofuel blending requirements for small refineries. The ruling mostly affects ethanol since refineries are making money from biodiesel. In other market news, after gains in the first part of this week, Malaysian palm oil futures fell during the last t...
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.