THE OPEN Jan beans: steady Dec meal: .40 lower Dec soyoil: 23 higher Dec corn: 3/4 higher Dec wheat: 3 lower The market opened as expected with more gains posted in corn on short-covering activity. Traders were opting out of recent buy bean and wheat trade/sell corn, as the corn chart begins to put in more constructive trade. Farmers continue to keep supply stored, waiting for better values before selling. US corn could gradually become more competitive into next year. Continuing rain and cold weather are hampering the last of harvest activity, with some fearing that not much progress was made last week, nor this week for sure. Corn spreads continue to firm. Oilshare entered...
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.