One of the consequences of Brexit is the disappearance of offers for UK feed wheat, which had been the cheapest origin for the Spanish market. This has also had an impact on the pricing of stocks from another country. Milling Wheat The Black Sea market is weaker as the harvest is starting and the number of offers in the export market is increasing every day. The 12.5 percent protein Russian wheat is offered aggressively for July, August and September, but offers for October onward are difficult to find. The spread between the 12.5 percent pro and the feed wheat is below $10, which is half of the normal historical level, but the quality concerns related to the excessive rains in southern Russia during the past two months should be widening...
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.