GOOD MORNING, Prices will open mixed with weaker wheat against strength elsewhere on the board. This has become a technically driven market as prices make new highs in corn hitting upper targets. Dec. corn is now over $6.00 and July corn over $7.00. The drought in Brazil is the major focus and catalyst for higher trade, as this crop competes directly with US values when harvested. Research analysts estimates of the crop continue to show production lower which, is creating a higher corn price as funds purchase. Other markets besides corn that was associated with Brazil were also strong, from coffee which, rallied 6% yesterday, to sugar. Beans are a follower, while soyoil builds support from a...
What You Need to Know Today: The U.S. and Iran reportedly agreed to pause hostilities to allow vessels to transit the Strait of Hormuz this week (theoretically, at least). There were some rumors of a possible Chinese blockade against Taiwan. Analysts are looking for the largest U.S. 1 June cor...
Proposition 12: The National Pork Producers Council (NPPC) has advocated for a fix to Proposition 12, the California animal welfare law, in the Senate farm bill. The House version of the farm bill included a fix, but the Senate bill, based on the discussion draft released by Chairman John Boozm...
Key Takeaways: Indonesia will raise its biodiesel mandate from B40 to B50 on 1 July, increasing palm oil–based diesel blending to 50 percent. The policy supports domestic palm oil demand and reduces reliance on imported diesel. Indonesia’s biodiesel program has steadily expanded si...
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.