Last week’s inflation data spooked equity and other macroeconomic markets with S&P 500 futures opening 2 percent lower overnight. That was as good as things were going to get with the Dow subsequently opening 500 points lower and selling off further throughout the day. Inflation wasn’t the only factor to the selloff as rising COVID-19 cases in China spurred concerns about the likelihood of renewed economic lockdowns there and their impact on the global economy. In ag products, funds were net sellers but began to buy back some of their previously sold positions at the day’s ends. The grains found better strength than oilseeds, as a weaker energy outlook weighed on vegoil values. The U.S. winter wheat harvest is gaining...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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...
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.