World Perspectives
livestock

HPAI and Thanksgiving: Better Position This Year than Last

As WPI noted on 5 October, the first case of highly pathogenic avian influenza (HPAI) since April 2023 was reported in South Dakota. So far in October, there have been 34 reported cases according to the Animal and Plant Health Inspection Service (APHIS), and 92 percent of the birds affected were commercial turkeys. In all, about 870,500 birds have been affected. There were also cases reported on breeding operations in Minnesota; 20,400 birds at one operation and 2,700 toms at another. This of course raises issues about the impact on Thanksgiving (23 November) demand, however, most of the supply for the holiday demand has already been harvested.   Turkeys take a minimum of 14 weeks to grow for slaughter, and up to 18 weeks for...

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.175/bushel, up $0.08 from yesterday's close.  Sep 25 Wheat closed at $5.4075/bushel, up $0.04 from yesterday's close.  Nov 25 Soybeans closed at $10.2475/bushel, up $0.0825 from yesterday's close.  Jul 25 Soymeal closed at $271.1/short ton, up $0.2 from y...

feed-grains soy-oilseeds wheat

Market Commentary: Trade Deals, Emerging Dryness Spark CBOT Short Covering

Traders seemed content to take short risk off the table heading into the weekend with USDA’s June Acreage and Grain Stocks reports due out Monday. Funds in particular are comfortable with positions ahead of these reports and saw little reason to push markets further into oversold territor...

Trade Negotiation Update; Miscellaneous

Trade Negotiation Update There were no shortages of eye-opening news reports this week and the notable one on trade late today was President Trump’s announcement that he is ending trade negotiations with Canada. Ottawa’s decision to impose a retroactive digital services tax on Ameri...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.175/bushel, up $0.08 from yesterday's close.  Sep 25 Wheat closed at $5.4075/bushel, up $0.04 from yesterday's close.  Nov 25 Soybeans closed at $10.2475/bushel, up $0.0825 from yesterday's close.  Jul 25 Soymeal closed at $271.1/short ton, up $0.2 from y...

feed-grains soy-oilseeds wheat

Market Commentary: Trade Deals, Emerging Dryness Spark CBOT Short Covering

Traders seemed content to take short risk off the table heading into the weekend with USDA’s June Acreage and Grain Stocks reports due out Monday. Funds in particular are comfortable with positions ahead of these reports and saw little reason to push markets further into oversold territor...

Trade Negotiation Update; Miscellaneous

Trade Negotiation Update There were no shortages of eye-opening news reports this week and the notable one on trade late today was President Trump’s announcement that he is ending trade negotiations with Canada. Ottawa’s decision to impose a retroactive digital services tax on Ameri...

Input Costs Forecast to Rise, Led by Fertilizer

After rising sharply in 2022, input costs remain stubbornly high yet today. At the same time, the prices received for major crops like corn, soybeans and wheat have fallen by as much as 30 percent over the same period.   In response to these economic headwinds, Congress stepped up thr...

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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.

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