Post-WASDE trade saw the CBOT markets largely continue their former trends with the February report – as usual – offering only minor adjustments to the supply and demand picture. Perhaps the biggest news of the day was the fall to new contract lows in corn futures as shorts continue to pile into that market amid bearish fundamentals and weak technicals. Soybeans continued their consolidation in the middle of a longer term move lower while soymeal scored new lows and soyoil reversed this week’s earlier strength. Wheat futures were mostly sideways for the day and the only thing interesting there was the firmness of SRW spreads. Overall, the WASDE has come and gone and in the absence of any shocking news, the CBOT looks releg...
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.