USDA’s world 2016/17 soybean supply/demand projections provide a good benchmark from which to weigh potential, real changes in both. The soybean market seems to be doing its best to encourage production, and the weather gods will also play their usual major role.In the ever-changing world of commodity markets, the current rock stars are crude oil and soybeans. Unexpectedly strong price rallies in each have thrust both markets into public attention and attracted widespread money from noncommercial investor/speculators. The crude oil rally has been underway irregularly since late winter but more consistently since early April, and the soybean market’s rally has also been underway for a while.From a low of $8.62 on 3 March, the July soybean fu...
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.