The CBOT waivered on Wednesday with weakness continuing from Tuesday’s trade early in the day. Wheat futures weighed on other markets as better chances for rain in the southern Plains pushed wheat lower. The soy complex was the star of the day with soyoil scoring new contract highs, which, in turn, supported gains in soybeans as well. After a quick drop lower early in the session, corn gradually firmed and traded higher. Old crop/new crop spreads continue to firm in a sign of bullish commercial demand. Funds were net buyers of some 4,000 contracts of soyoil and 3,000 contracts of soymeal, but were sellers of corn, wheat, and soybeans. Funds are thought to have liquidated 9,000 contracts of corn, 6,000 contracts of wheat, and 10...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.