The CBOT ended sharply lower on Tuesday amid a wicked combination of a rising U.S. dollar, favorable weekend rains in the Midwest, and a “risk off” day in outside markets, including crude oil. Funds were net sellers for the day and continue to exit long positions in grains and oilseeds as the U.S. dollar strengthens and there is little fresh bullish news. The old traders’ adage dictates that “bulls need to be fed every day” and there simply hasn’t been enough fresh bullish news to sustain a rally or staunch the selling. WPI believes the current selloff is overdone, but there is no sign of a reversal in corn, wheat, or soybeans. That means bears are in control until proven otherwise and we suggest waiting...
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.