THE OPEN Jan beans: 6 3/4 higher Jan meal: .90 higher Jan soyoil: 35 higher Dec corn: 1 1/2 higher Dec wheat: 2 3/4 lower Prices were mixed today with the soy complex higher and soyoil trading immediately to new ctr highs. Grains were lower but wheat found short-covering as it cycled down to a major low without follow-through selling. Unwinding of prev. buy bean/sell wheat trade was noted as well. The newest numbers for prevent plantings and failed acres as of Nov 2 by farmers: Corn: 6.184 mln acres, failed acres at 88.454 mln Beans: 1.476 mln acres, failed acres at 81.949 mln Wheat: 1.270 mln acres, failed acres at 46.159 mln All crops: 243,877 mln acr...
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.