What happened to the "demand destruction" that several years of very high prices were supposed to have wrought on the markets?Today's weekly export inspection numbers coupled with last week's export sales numbers again highlight the fact that the pace of U.S. soybean exports will decline to the point they will be a nonevent for the market. Today's soybean export inspection number was 450,317 MT compared with 569,648 MT a week ago. Total outstanding U.S. soybean export sales are now down to 3.8 MMT. 366,000 MT of this amount is registered to China, but there's another 1.168 MMT still listed as unknown, much of which is assumed to be sales to China.The 9 April weekly USDA export sales report showed a reduction in net soybean export sales due...
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.