The big rallies in corn and soybeans since late March have been met with a huge sigh of relief from U.S. farmers and agricultural bankers. Farm meetings last winter were very pessimistic, and there was simply no way to project a profit in 2016 for any crop.The big rallies in corn and soybeans since late March have been met with a huge sigh of relief from U.S. farmers and agricultural bankers. Farm meetings last winter were very pessimistic, and there was simply no way to project a profit in 2016 for any crop. The bottom line of virtually every crop budget worksheet was red, and some were deeply so. USDA’s projections of net farm income were dropping like a rock as can be seen in the graphic below:WPI wrote often about how the low prices/low...
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.