Corn futures contracts traded quietly in a range of less than 5 cents before closing mostly higher by 2 cents or less. This seems to suggest that traders think they have the corn stocks number pretty well nailed down and that it will not be a market mover. General Comments The last full day of trading before USDA releases its 1 September quarterly stocks estimates and final small grains report at noon (EDT) tomorrow was relatively quiet and subdued. The grains and soy complex all traded both sides before soybeans and corn closed slightly higher, while all three wheat markets finished lower. Much of today's activity seemed to involve positioning ahead of the reports, but the price action seemed to indicate that traders were not inspired to...
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...
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.