Today’s price action shows that without the recent bout of short covering, grain and soy markets are starved for direction. March options expire tomorrow (Friday), and that could ignite some small price movement in the underlying futures. General Comments Grain and soy prices eventually edged lower during the overnight session. Trading volume was relatively good even though prices were lacking direction. A similar price pattern prevailed during the day session. The market is back to trading both sides of the previous closes while holding in narrow trading ranges. They were particularly narrow today with Chicago wheat trading a 7 cent range as KC wheat held with 4 cents. Corn’s range was barely 3 cents, and soybean prices moved in an unusu...
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.