The March WASDE always provides an interesting update on USDA's views about U.S. and world demand as well as its take on South American soybean and corn production. The soy complex estimates in today's report probably commanded the most attention.Mike Krueger indicated yesterday that as far as USDA's regular March reports are concerned, those at the end of that month on spring planting intentions and 1 March quarterly stocks tend to overshadow the earlier mid-March WASDE report. With the wheat crop year winding down and corn and soybeans into the second half of their crop years, the March WASDE is stuck with mostly old news. The quarterly stocks numbers provide a test of USDA's March WASDE demand estimates, and the planting intentions of co...
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.