The futures market pattern of firmer soybeans and weaker grains continued overnight in modest limited volume, but the truth is that soybean gains as well as corn and wheat losses were relatively small. The market as a whole remains stuck in technical purgatory between support and resistance levels that traders do not seem interested in challenging. After some limited up-and-down price movement, the soy complex firmed and stayed that way up to the afternoon close. Soybean futures finished around 2 cents higher, meal had a mixed close with gains up to a dollar, and soyoil closed up 34 points or more to recover some of the ground it lost to meal yesterday. Corn futures closed down a penny or less, and Chicago wheat fell about 4 cents. KC wheat...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.