THE OPEN Jan beans: 1 lower Dec meal: .10 higher Dec soyoil: 20 lower Dec corn: 3 lower Dec wheat: 4 1/4 lower Prices opened on a defensive note, but soon it was evident that this was going to be a risk off day of macro-selling across the board. The Dow was hit with a 200 pt loss as perceptions grow that a US/China trade deal may not only be put off, but could potentially hit more trade snags. China issued a statement overnight suggesting that a deal with Trump could be difficult, which was the first sign of trouble for the Dow. Beans, like the Dow, did not like the news with more bulls heading for the exits as the trade talk verbiage drags along. Tweets from Trump later sugg...
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.