After trading higher for the last seven trading days, during which the January soybean contract jumped 70 cents higher, the market finally turned in overnight trading as recent longs decided to cash out amid signs that the rally in Dalian soymeal may have just about run out of gas. General Comments In the world of commodities, all eyes have turned to Vienna where OPEC oil ministers meet tomorrow (30 November) in an effort to finalize an agreement to cap oil production and support crude oil prices. Technical committees have been meeting all week to try to find an acceptable path to a production cap and have produced mixed signals. Can OPEC come to an effective agreement that the Saudis, Iran and Iraq will all sign off on and that will attr...
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.