THE OPEN March beans: 1 3/4 lower March meal: .30 higher March soyoil: 52 lower March corn: 1 lower March wheat: 1/4 lower The markets opened as called with bean prices hopping to the upside of even and corn prices falling into sell-stops. Buy bean/sell corn trade was the feature of the day, which prompted ideas that traders may be thinking along the lines of a friendly USDA report for beans, and more neutral to bearish for corn. The pattern in 2019 found the market reaction leaning that way on many of the USDA reports. Profit-taking continued in oilshare with soyoil following a weaker palm oil market. Palm oil prices took a time-out from the rally with caution due to the US...
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.