GOOD MORNING, Prices continue to leak lower as more funds sell the market in front of the March 31 Stocks/Acreage report. With everyone in the same boat, (funds long everything but wheat), the only question is whether tomorrow’s numbers force changes to these positions. Rising open interest in Chicago wheat, beans, and corn yesterday on lower price action could suggest that new shorts are also entering the market. Overall, traders are not buying before the March 31 report, fearing that the overall acreage numbers are going to be bearish. But since prices will enter the report at the bottom of their ranges, the market may have already accounted for that outcome. While expectations are...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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.