GOOD MORNING, Prices are higher across the board this morning as beans and soyoil place new contract highs for the week, continuing strong up-trends. Crude oil is firmer, which underpins the soyoil market, though Asian values are a bit lower this AM. Higher world vegoil markets in turn support beans. Slowing Argentine crush and tax/currency issues slow farmer selling for that country, lending support to beans. And in the big picture, there are ideas that new money is coming into the Ag space as ending stocks tighten and weather worries persist. Jan beans encounter another round of technical buying that takes prices towards the $12.00 target, while Dec soyoil is closing in on its upper target at 40c.&nb...
What You Need to Know Today: The U.S. and Iran exchanged strikes, with the U.S. hitting Iranian bridges, energy sites, and military infrastructure. Iran launched a missile into Kuwait that damaged a desalination plant. Crude oil futures surged on heightened Middle East tensions, providing supp...
Congress returned this week from its Fourth of July recess, with another break scheduled for the month of August, to face a busy agenda before adjourning for the August recess. Congress has several priorities, including the National Defense Authorization Act, a potential third reconciliation pa...
There was a time, not so long ago, when you could easily explain U.S. agricultural policy. It was countercyclical and focused on risk management, especially for traditional row crops. There were a few exceptions, like dairy and sugar, which maintained the remnants of supply control. Participati...
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.