The recovery by soybean futures prices from their immediate post-WASDE loss this week and the subsequent move higher seem to hint that something is going on. This prompts taking a closer look.A look at the futures screen at mid-session showed November soybeans up 16 cents. They have been as much as 18 cents higher. Immediately following the 12 September release of this month’s WASDE with its forecast of a record-large U.S. soybean crop in 2017, the new crop contract plunged 22 cents. This was largely due, at least in part, to sell orders generated by computers that instantly scan the reports’ key numbers. (We wonder if high-speed computer analytics will soon do away with human analysts.) Soybean futures have swung in a 40 cent range since t...
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.