THE OPEN January beans: 1 lower December meal: 1.20 lower December soyoil: 20 lower December dorn: 3 lower December wheat: 6 lower The market opened lower as called with more selling again. Oilshare was weaker as meal prices bounced back from early losses on continuing solid crush margins, while soyoil lost its stabilizing mojo due to its affiliation with weaker energies. Wheat prices lost to corn, while beans seemed to lose to corn for much of the morning. Corn was able to bounce back from morning export sales, but nervous longs were also there to sell small bumps upward. In morning announcements, the International Grains Council (IGC) forecast corn production down 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.