The U.S. Presidential election and the November WASDE proved to be a vicious combination that sent markets – from corn to oil to equities – into a tailspin. Having once recovered from the political shockwaves, grain markets were pounded again by a bearish WASDE report. General Comments The most surprising presidential election in U.S. history was followed 12 hours later by a surprisingly bearish November WASDE. The combination of which gave grain and soy futures markets plenty to chew on today. Overnight, most commodity markets - including ag markets - knee-jerked lower in response to the unexpected U.S. election results along with the financial markets. Dow stock futures plunged more than 860 points in a wave of selling from Asia and Eur...
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.