USDA will release its first estimate of U.S. winter wheat production on 10 May, but this week’s Kansas crop quality tour will provide a reasonable idea of what to expect.The Kansas crop quality tour will take place this week. The odds are high that participants will find the wheat crop at least as big as last year’s and likely somewhat larger. This will probably be true for the entire U.S. hard red winter wheat crop as well. That might be surprising to some since the entire U.S. winter wheat planted acreage is projected to drop 8 percent from last year, according to USDA’s 31 March acreage estimate. Hard red winter wheat and soft red winter wheat plantings are estimated to be down 3.2 million acres and 400,000 acres, respectively. In additi...
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.