Supply/demand analyses require a considerable amount of subjectivity and guesswork, while prices and price changes are facts. All of this leads us to consider of what may have occurred to trigger the current market rally. If someone not following markets on a daily basis casually glanced at a grain/soy futures market screen at about 11:30 a.m. (EDT) this morning, he or she might have thought that U.S. and/or world crops were in big trouble or that some major unexpected source of demand had just surfaced. Soybean futures were up more than 25 cents, soymeal was up more than $10, corn was 5-6 cents higher, and Chicago wheat was up about 13 cents. Across-the-board price jumps like these frequently signal that key fundamental changes in supply/d...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.