U.S. Not Positioned to Export Many Soybeans to China Soon Canada’s arrest of Chinese tech giant Huawei’s CFO at the request of the U.S. has further clouded the outlook for resolution of the U.S./China trade dispute. Such action could not have come at a worst time as it has only been five days since Presidents Trump and Xi agreed to a 90-day truce that would allow negotiations to proceed. Many had hoped the Buenos Aires agreement would result in a quick resumption of ag exports to China. Reports indicated the Chinese government has told its officials to begin the process of purchasing soybeans, liquefied natural gas (LNG) and other products from the U.S. While the arrest of the Huawei executive may not bring that to a halt, 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.