Overnight trading opened mixed, but prices soon turned slightly lower. They were then quietly lower in slack trade durig the day session until the soy complex was awakened late in the session by an unexpected selling blitz in March soyoil. General Comments Overnight trading opened mixed, but prices soon turned slightly lower. Those traders who were still watching markets had little reason to do much of anything, and it showed. March corn held in a very narrow 1.75 cent range overnight with a volume of about 7,500 contracts. Dalian soy and corn futures prices continued their slide lower. Malaysian palm oil futures are stuck in an up-and-down pattern, and today was a down day to the extent of 29 ringgits. Prices remained under pressure as t...
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.