Corn traded a narrow range today before settling a half-cent to a penny lower. New fundamental news is hard to come by at this point, and today’s weak action was largely the result of bulls running out of steam. General Comments It was a turnaround session in the overnight hours for the grains complex at the CBOT as corn, Chicago wheat, and soybeans all turned lower. Corn traded a tight range during the evening session and finished down 2¼ cents from yesterday’s close. Similarly, Chicago wheat turned 2¾ cents lower overnight while soybeans came under heavier selling pressure to close 4¾ cents down.The day session was lackluster for corn and wheat with outside news doing little to spark trading. Soybeans, however, traded actively and...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.