The fundamental story line for 2013 is the rather dramatic transition from tight supplies and the need to limit demand at the beginning of the year to the relative abundance of supplies (except for soybeans) as we enter 2014.Maybe it is just us, but somehow this last day of 2013 does not feel like a typical New Year's Eve. There does not seem to be the usual amount of anticipation that usually surrounds the ending of the old year and the beginning of the new one. The hoopla that normally surrounds the widely televised celebration in New York City's Times Square and the dropping of the huge crystal ball to mark the transition seems subdued this year. We doubt we will stay up to watch it tonight.Perhaps the fact that the New Year happens to b...
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.