THE OPEN Nov beans: 6 higher Dec meal: 3.20 higher Dec soyoil: 16 higher Dec corn: 1/2 lower Dec wheat: 1/2 lower Prices opened as called with further short-covering activity in the PM session bringing us to new trading range highs. The markets have turned extremely technical in scope, with lower key support points holding leading to today's fresh highs for corn, wheat, and beans. Equities are higher on trade talk optimism (for right or for wrong), bringing more spill-over macro support to ags. The market is willing to add premium in before tomorrow's report, and on the back of the storm (and two more forecast behind it), that could lower supplies in future USDA reports. Targ...
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.