THE OPEN November beans: 4 higher December meal: 1.90 lower December soyoil: 37 higher December corn: steady September wheat: 7 3/4 lower Prices opened mixed with traders continuing to buy soyoil/sell meal, and buy corn/sell wheat. Beans were higher supported by stronger soyoil values. Soyoil continued to see support from higher crude, palm, and canola prices. Wheat futures traded At 10:00 export inspections were as follows: beans: 551,543 mt vs. 504,645 mt (vs. an expected 375-700,000 mt) corn: 716,127 mt vs. 840,796 mt (vs. an expected 700-1.15 mt) wheat: 500,110 mt vs. 544,010 mt (vs. an expected 450-675,000 mt) Inspections were neutral to bearish f...
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.