The CBOT ended the week on a bearish note with corn, soybeans, and wheat all in the red with light fund selling pressure and profit taking. For corn and soybeans, the pressure came mostly from forecasts of cooler, wetter conditions for most of the Midwest that will aid crop conditions and growth this week and next. The market will be closely watching Monday’s Crop Conditions report to see if the recent rains will offer more improvement than last week’s paltry 1 percent uptick in corn ratings. For wheat, the day’s pressure seemed to come from slow early-season exports and competition from Russia, never mind the weather threats to the U.S. HRW and HRS crops. Overall, the day’s trade did little to shake markets from the...
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.