THE OPEN Nov beans: 14 higher Dec meal: 4.20 higher Dec soyoil: 17 higher Dec corn: 3 higher Dec wheat: 1 1/2 higher The markets opened higher as called with the tone set in the night session, and spent time at higher levels of trade before wheat and soyoil prices turned mixed on the day, adding pressure elsewhere. As typical of Mondays, this day seemed to be about more positioning in front of the USDA Quarterly Grain Stocks report that will be released on September 30. In terms of smallish trends, beans gained on soy, corn gained on wheat, and meal gained on soyoil. At 10:00 export inspections were released as follows: Beans: 922,550 mt vs. 668,4...
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.