There are just 43 days left in 2020, and the grain and soy complex markets head toward year’s end with mixed messages. Based on recent price action following USDA’s November WASDE, the soy complex appears to be very bullish. The corn market is semi-bullish, but wheat futures struggle, not always successfully, to hang on to recent gains. This is an over-simplification, of course. There are quite a number of diverse threads of real and potential influences for markets to digest every trading day, and they do not always point in the same direction. As is so often the case for agricultural markets, weather is a key factor in current price action. This time weather is joined by Chinese activities, and either can drive daily price di...
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.