There hasn’t been one in the U.S. since 2012, and USDA is currently using the second-highest corn and soybean yields ever in its supply/demand analysis. It will decide whether to change those yield estimates in the 12 July WASDE revisions, but there are two questions.We write about weather again at the risk of being excessively redundant, but there hasn’t been a weather market in the U.S. since 2012. Last year’s corn and soybean yields set all-time records. The USDA World Board is currently using the second-highest corn and soybean yields ever in its supply/demand analysis and will decide whether to change those yield estimates in the 12 July WASDE revisions. USDA/NASS won’t provide an official yield estimate based on surveys, test plots, e...
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.