The CBOT was once again mostly lower with traders shedding position length and getting short as U.S. farmers make solid strides seeding the 2024 crop. There are certainly some areas of concern and potential for some acres to be planted to soybeans at the last minute, but the overall outlook is favorable and suggests a relatively worry-free start to the growing season. Corn and wheat were lower on improved weather outlooks for the U.S. and abroad, while the soy complex saw pressure from the Crop Progress data and weaker energy markets. Prices are starting to approach key psychological or technical levels in nearly every ag futures market, which makes technical factors and developments more important for the near-term outlook. With fiv...
Weather concerns and the impacts of the war in Iran helped push wheat and corn to sharp gains Tuesday, with both markets blowing past key technical resistance levels. The weather is now coupled with geopolitical tensions that look increasingly hard to resolve, which is giving funds the perfect...
Congress is moving forward with its FY 2027 spending bills, while also still working to address FY 2026 funding for the Department of Homeland Security, which is still in a shutdown. The House Agriculture-FDA Appropriations Subcommittee marked up and passed its FY 2027 bill. The House bill prov...
The overarching concern for China is that the rising cost of energy will reduce global trade demand at the same time that countries are becoming more protectionist. Trump Visit to China President Trump’s visit to China is in just over two weeks, though some question whether the trip...
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.