THE OPEN Nov beans: 3 lower Dec meal: 1.10 lower Dec soyoil: 1 higher Dec corn: 3 lower Dec wheat: 3 3/4 lower The markets started the day mixed but soyoil prices turned to the upside, triggering buy-stops and moving into new trading range highs for the move upward making it a key feature of the morning. A Sep. NOPA report, which was expected to show tighter oil stocks, held the key towards the morning rally. Spread trade included buy beans/sell corn and buy corn/sell wheat. At 10:00 export inspections were released as follows: Beans: 954,881 mt vs. 1,041,582 mt week ago (and vs. an expected 1.0 mt) Corn: 470,612 mt vs. 473,409 mt week ago (and vs...
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.