It is worth taking a fresh look at the fundamental U.S. supply/demand outlook for 2016/17 since what happens throughout the balance of this year will have considerable impact on the 2017/18 corn year and, of course, corn prices.The sixth month of the U.S. corn crop year begins 1 February. With USDA’s final 2016/17 production estimate of 15.148 billion bushels contained in the January WASDE, the supply side of the fundamental U.S. corn balance for the year is pretty well set. The demand side is still in flux with some questions remaining about feed use, exports and the amount used for ethanol production. February is also close enough to the new crop corn planting season that its prospects begin to affect the corn market’s price reactions for...
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.