There was much for the markets to deal with today. It was the last day of September and the last day of the quarter; the drama over the Supreme Court nomination continues to play out in Washington; and there is still uncertainty over any possible shift to E15 from E10 that would increase ethanol consumption and production. Lastly, the markets were awaiting this morning’s USDA Annual Small Grains Summary and Quarterly Stocks Report. The markets were looking for a slightly bullish 1 September soybean stocks number and a bearish U.S. wheat production number. Wheat was lower overnight with corn steady and soybeans slightly firmer. That’s how we traded until the report was released at noon (EDT). The USDA numbers were bearish corn a...
What You Need to Know Today: Wheat futures pulled back sharply after Russian President Putin said there was a “chance” for peace and an agreement to end the war in Ukraine. There is plenty of skepticism about the opportunity for peace in Ukraine, but that didn’t stop wheat fr...
President Trump has opened the door to 100,000 MT of beef lean trimmings (limited to HTS codes 0201.30.5091, 0201.30.5097, 0202.30.5091, and 0202.30.5097) from countries listed under the “Other Countries” TRQ effective 1 September. These imports would not be subject to the over-quot...
Key Takeaways: CHS and OCP plan to invest up to $450 million in a Louisiana phosphate fertilizer facility capable of producing more than 1 MMT annually, marking the first new U.S. plant of its kind in more than 40 years. The facility could reduce U.S. dependence on imported finished phosphate...
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.