After a bloodbath of a week, the CBOT finally showed some signs of support and higher trade on Friday. Wheat was actually the upside leader (yes, you read that correctly), due largely to short-covering and risk-off trade related to Russia’s increased attacks in Ukraine and the risks facing the export corridor agreement’s renewal. Corn followed wheat higher and spreads were a bit firmer as rumors of cash market activity and commercial interest circulated. Soyoil futures plunged lower in a follow through on Thursday’s weak trade and helped pull soybean futures off their early highs and into a lower close. Despite the fact that wheat and corn posted end-of-week gains, the trends for both markets still remain lower while soybe...
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.