Nearly all of the action today was in the corn pit, and there was a good volume of trade. Meanwhile, wheat finished the day with decent gains in Minneapolis and KC as both markets gained on Chicago. General Comments Markets started the week relatively quiet. Wheat and soybeans were slightly lower overnight, and corn was higher. Crude oil was weaker, losing $1.16 today, and is just under $39 a barrel. Meanwhile, financial markets in the U.S. were mixed but did not follow oil lower. Trading volume was light in wheat and soybeans but good in corn. Last Friday’s Commitment of Traders report showed funds short more corn than expected.Weather is starting to attract some attention. The U.S. southern Plains are dry again, and the southern Midwest...
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.