GOOD MORNING, Soft markets were seen overnight as harvest looms large with clear weather over the next 10 days. The market continues to monitor progress in the Gulf. Traders are watching to see what the USDA has to say on Friday at 11:00 central time. Trends have been lower - - can they be reversed on report day? Sometimes that is how a market bottoms. The problems at the Gulf may have driven prices down quicker than they would have gone. Chatter has it that around 50 or more vessels were off the Gulf. It will take time to get all moving again. In the meantime, sharply higher barge rates is lowering some interior basis levels. Spreads have been weakening, and could so further as more supply c...
What You Need to Know Today: Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind an attack on a cargo ship near the coast of Oman, which would be a violation of the memorandum of understanding between the U.S. and Iran. Pr...
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding for the conflict in the Middle East, but there are agricultural provisions as well. The supplemental funding package includes more than $11 b...
Can we really expect a bushel of corn to carry an environmental passport throughout the entire food system? One that reliably documents its carbon footprint, biodiversity impacts, water use, soil carbon, and other environmental attributes all the way from the farm field to the consumer? This is...
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.