The CBOT was mostly lower on Friday with the soy complex accelerating its selloff and confirming that this week’s early strength was indeed merely a dead cat bounce. The soy complex found pressure from weak energy values and Thursday’s disappointing Export Sales data as Brazil’s harvest continues with few impediments. Corn futures drifted lower for the day as well amid spillover selling from the soybean market and generally favorable weather outlooks for Brazil. Wheat futures ended mixed with HRW futures posting small gains following Paris futures’ two-day rally while the CBOT market ended flat. Funds were net sellers for the day across the board. The monthly “jobs report” from the U.S. Department...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
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.