May 26 Corn closed at $4.44/bushel, down $0.0325 from yesterday's close. May 26 Wheat closed at $5.745/bushel, down $0.0575 from yesterday's close. May 26 Soybeans closed at $11.6525/bushel, up $0.0325 from yesterday's close. May 26 Soymeal closed at $317.6/short ton, up $3.5 from yesterday's close. May 26 Soyoil closed at 67.7 cents/lb up 0.28 cents from yesterday's close. Jun 26 Live Cattle closed at $247.2/cwt up $1.275 from yesterday's close. May 26 Feeder Cattle closed at $370.425/cwt up $2.425 from yesterday's close. Jun 26 Lean Hogs closed at $104.125/cwt down $0.525 from yesterday's close. May 26 WTI Crude Oil closed at $98.5/barrel up $4.09 from yesterday's close. ...
What You Need to Know Today: The cattle market rebounded sharply this week, with January feeder cattle futures gaining $16.98/cwt and February live cattle futures advancing $7.60/cwt since last Friday. Tyson Foods' plans to restore a second processing shift at its Amarillo, Texas, facili...
Tuesday’s CPI report from the Bureau of Labor Statistics (BLS) showed inflation roaring back stronger than expected in October. That probably locks in another rate hike – which was expected anyway – at the Federal Open Market Committee (FOMC) meeting in December. Consumer pric...
Key Takeaways: The rationale for farm programs has changed significantly from their original intentions. Farmers’ incomes have grown sharply and have surpassed non-farm incomes beginning in the 1970s. Current farm programs are complex and focus on supporting risk management, environmenta...
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.