THE OPEN July beans: 6 higher July meal: 1.10 higher July soyoil: 37 higher July corn: 2 1/4 higher July wheat: 1 1/2 lower The markets worked higher on short-covering in corn, while follow-through strength was noted for beans on rumors that a few more cargoes of beans were sold. Outsides spilled over into Ags as well, with a weaker US dollar and firmer energies trade. Currencies were a factor, particularly for beans, with a big rally in SA currencies, particularly the Brazilian Real. Smaller trends included buy beans/sell wheat and buy soyoil/sell meal. At 10:00 export inspections were as such: beans: 333,127 mt vs. 356,078 mt week ago wheat: 457,777 mt vs. 491,776...
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.