World Perspectives
wheat

Ambulance-Chasing Farmer

Some are likely calling Ernest Barnes, a wheat farmer in Kansas, an opportunistic ambulance chaser. He is suing Monsanto because last week's discovery of biotech wheat in an Oregon field places his livelihood "at serious risk." He can only say "at risk" because 1) he likely grows a very different kind of plant than the soft white wheat implicated in Oregon, and 2) wheat futures have bounced along seemingly unaffected by the incident. The occurrence is so unusual that sabotage is suspected, which makes Mr. Barnes' suit the equivalent of marathon races in other cities suing Boston for not having prevented the Tsarnaev brothers' bombing attack...

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Market Commentary: Energies Collapse on Ceasefire News but Grains Reclaim Early Losses

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Summary of Futures

May 26 Corn closed at $4.4725/bushel, down $0.0175 from yesterday's close.  May 26 Wheat closed at $5.8025/bushel, down $0.1775 from yesterday's close.  May 26 Soybeans closed at $11.62/bushel, up $0.0375 from yesterday's close.  May 26 Soymeal closed at $314.1/short ton, up $2.3...

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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.

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