THE OPEN November beans: 2 higher December meal: .40 lower December soyoil: 37 higher December corn: steady September wheat: 3 lower Prices opened as expected with a minor bounce in corn met with some early hedge pressure pre-report, as a just-in-case the report was bearish. Wheat prices languished at trading range lows into the report. Grains continued to see pressure into the report. Other key features included a rebound in oilshare off higher palm oil and crude prices. The August report was neutral to bearish for corn and beans, but short-covering was noted after the numbers were released. The August 12 WASDE was as follows: Corn &nb...
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.