We won't know what hard red spring wheat and durum acres will total until the 31 March USDA report. Opinions are mixed today with seed dealers continuing to say there are a large number of northern Plains acres that remain "open" or undecided.Much has been written and discussed about the potential U.S. corn and soybean 2015/16 supply/demand outlooks. The soybean outlook is bearish, assuming U.S. farmers plant 2-3 million more soybean acres and yields are at least average. Corn's outlook can start to turn slightly friendly if U.S. farmers plant 1.5-2 million fewer corn acres than in 2014 and yields don't set another record. Corn ending supplies should decline in 2015/16.Not much of anything has been written about the wheat situation. That's...
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.