We expect that estimated U.S. corn production will rise close to 14 billion bushels and, moreover, that favorable conditions for other important corn-growing countries and regions will cause a significant increase in estimated world corn production beyond USDA's July projection.The corn futures market has become mesmerized with good reason by the outstanding condition of the new U.S. corn crop as the pollination stage almost reaches its mid-point. So far in 2014, corn seeding recovered from a slow start to finish at about a normal pace, and the U.S. corn crop has for the most part enjoyed beneficial weather conditions. The benign weather has carried over into mid-July, and forecasts for the balance of the month suggest that this crop will h...
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.