After sharp rallies Monday and Tuesday, traders booked CBOT profits on Wednesday heading into Thursday’s Goldman roll and CONAB report and the USDA April WASDE on Friday. Trading volume was light but, for the day, funds were net sellers and bear spreaders. Brokers estimate funds sold 5,000 contracts of wheat, 8,000 contracts of corn, and 6,000 contracts of soybeans. South American weather trends are turning against the development of Argentina’s late-planted corn and Brazil’s safrinha corn crop. Temperatures this week will be hot across basically everything south of Mato Grosso, except Uruguay and Rio Grande do Sul, while central and northern Brazil remain drier than normal. The 6-10-day outlook features cooler temp...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.