THE OPEN March beans: 3 higher March meal: .40 lower March soyoil: 45 higher March corn: 2 1/2 higher March wheat: 8 3/4 higher The markets opened as called with profit-taking in wheat and other spreads, namely long wheat against short corn and bean positions. Soyoil continued a firm trade vs. meal. A more severe break in wheat into the midday hour created pressure elsewhere on the board. The large break in wheat was not due to any fundamental change, but rather a technical chart adjustment. In an article from Dr. Cordonnier, it was noted that the Mato Grosso Institute of Agricultural Economics, (IMEA), reported that farmers in Brazil's major bean producing state had sold 99...
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.