Regional News Europe’s weather patterns remain warmer and drier than average for the next week. The dry weather will allow for faster planting of winter crops, the seeding of which was delayed earlier this year due to rains. The coming 7-day forecast offers scattered showers for Europe with southeast Europe benefitting. Parts of southern Europe will remain drier than normal. The 8-14-day forecast offers better chances of precipitation and rainfall amounts will be near normal levels. Last week, the International Grains Council (IGC) trimmed its estimate of the world 2020/21 corn crop, pegging production at 1.156 billion MT, down 4 MMT from prior estimates. The organization cited lower outlooks for crops in the U.S., Ukrai...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Dry bulk markets were volatile but ultimately steady this week with notable differences in rate developments across vessel classes. The Capesize sector, which led the recent rally in freight rates with its dramatic surge, pulled back slightly amid more cautious chartering activity, partic...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.