West Texas Intermediate (WTI) crude oil futures hit $130.50/barrel Sunday night, while Brent crude reached a high of $139.13/barrel in overnight trading. Today, WTI opened today at $119/barrel. Brent crude opened at $122/barrel. The front-month Brent contract price first settled above $100/barrel on 28 February and last rose above $100/b in late 2014. The front-month WTI contract price closed above $110/b on 3 March after first settling above $100/b on 1 March. Oil has been volatile since reports that Russian forces further invaded Ukraine on Thursday, 24 February, but the bullish run caught fire last week as the discussions of sanctions heated up and the U.S. announced a release of oil from the Strategic Petroleum Reserve (SPR). See...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.