The latent bullish trends that the soybean and corn markets were working to establish got blown apart today, and the technical momentum is now pointed down. January soybeans and December corn have been struggling to break through technical upside resistance levels for more than a week, and they just could not get it done. General Comments The overnight session saw grain and soy prices weaken slightly following yesterday’s late selling that took the market off its highs. Selling of the soy complex and corn accelerated during the day session. By the close, the complex had taken substantial losses with soybeans off 18 cents or more nearby, meal down $6.60 and soyoil lower by 32 points. December corn finished down 5.75 cents. Winter wheat con...
What You Need to Know Today: The U.S. conducted “self-defense strikes” in Iran and said the two sides are “close” to negotiating a ceasefire. “Close” is a relative term, however, and even if 95 percent of the terms are agreed to, the remaining 5 percent is l...
As we reported on 19 May, China has also committed to the resumption of U.S. poultry imports from states without confirmed HPAI detections. USDA’s Animal and Plant Health Inspection Service (APHIS) has updated its China export restrictions webpage to reflect that China has lifted HPAI-rel...
Key Takeaways: Brazil has been the second-largest producer of fuel ethanol globally, but almost all of it was derived from sugarcane until recently. Corn ethanol production has increased due to expanded second-crop corn production, sugarcane storage limitations, and biofuel policy. Brazil is e...
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.