Dec 26 Corn closed at $5.3375/bushel, up $0.06 from yesterday's close. Dec 26 Wheat closed at $7.4125/bushel, up $0.125 from yesterday's close. Nov 26 Soybeans closed at $13.3225/bushel, up $0.2275 from yesterday's close. Dec 26 Soymeal closed at $356.9/short ton, up $5.5 from yesterday's close. Dec 26 Soyoil closed at 71.92 cents/lb up 1.35 cents from yesterday's close. Oct 26 Live Cattle closed at $217.825/cwt up $1.975 from yesterday's close. Oct 26 Feeder Cattle closed at $327.55/cwt up $1.725 from yesterday's close. Oct 26 Lean Hogs closed at $83.15/cwt up $0.075 from yesterday's close. Oct 26 WTI Crude Oil closed at $102.89/barrel up $6.84 from yesterday's close. ...
What You Need to Know Today: Risk-on money flow was present in the markets Thursday with headlines in Iran and the Black Sea driving the move. Russia attacked more of Ukraine’s processing and export facilities, including a Bunge facility near the Black Sea. One of the facilities hit was...
Key Takeaways: The significance of $100-per-barrel crude depends largely on how long prices remain elevated, as sustained high energy costs are more likely to influence longer-term agricultural decisions. Higher crude oil prices raise farm production costs most directly through diesel, while a...
Monday was Labor Day, the traditional end to the summer grilling season and high demand for cattle. Additionally, it marks the calendar end of summer heat and a transition into more moderate temperatures. As such, the next two months are the largest marketing periods of the year for feeder catt...
Key Takeaways: Corn and soybean meal markets are tightening together for the first time in more than a year, driven by lower U.S. yield expectations and continued Chinese soybean demand. A strong El Niño is replacing last year’s La Niña, shifting crop risk across the Americ...
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.