Markets were steady to slightly weaker overnight following the weak closes on Thursday. Corn and soybean markets then shifted again this morning as funds began another round of buying. General Comments Markets were steady to slightly weaker overnight following the weak closes on Thursday. Corn and soybean markets then shifted again this morning as funds began another round of buying. Wet weather in Argentina and dry weather in Brazil plus the political uncertainty there are together bringing more money back to the commodity markets. Open interest in soybean futures Wednesday was a new record. Funds were very light buyers of wheat. There is rain in the forecast for the U.S. hard red winter wheat region. Funds were reported as buyers of mor...
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.